First Trust Exchange Traded Fund VIII - First Trust Flexible Income ETF (FCT)Financial Services | Asset Management | Wheaton, United States |
USD
|
Hot Take ↕ | Oct. 10, 2026, 11:45 a.m. UTC
The immediate outlook is neutral due to a complete lack of price history and statistical data, preventing any assessment of momentum or technical trends. Looking further ahead, the investment case is severely compromised by a deteriorating business trajectory; revenue is shrinking by 2.6% annually while earnings contracted by 15.5%, indicating a failing operational model rather than a stable income generator. While the stock trades at a discount to book value, this likely reflects the market's recognition of these fundamental headwinds rather than a margin of safety. The dividend situation is critical: with a payout ratio exceeding 179%, the fund is distributing far more cash than it earns, signaling that distributions are being funded by capital erosion rather than sustainable earnings. This unsustainable payout structure, combined with declining revenues, makes the security unsuitable for long-term holding despite its attractive headline yield. |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-07-01 |
| Last Dividend Date | 2026-07-01 |
| Debt to Equity Ratio | 14.866 |
| Revenue per Share | 0.991 |
| Market Cap | 251,259,360 |
| Trailing P/E | 21.98 |
| Beta | 0.30 |
| Profit Margins | 65.53% |
| Website | https://www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FCT |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.02345717 |
| Address1 | 120 East Liberty Drive |
| Address2 | Suite 400 |
| All Time High | 20.3 |
| All Time Low | 5.25 |
| Ask | 0.0 |
| Ask Size | 30,000 |
| Average Daily Volume10 Day | 206,290 |
| Average Volume | 160,682 |
| Average Volume10Days | 206,290 |
| Beta | 0.303 |
| Bid | 0.0 |
| Bid Size | 50,000 |
| Book Value | 10.355 |
| City | Wheaton |
| Country | United States |
| Currency | USD |
| Current Price | 9.67 |
| Current Ratio | 0.141 |
| Date Short Interest | 1,784,073,600 |
| Day High | 9.69 |
| Day Low | 9.62 |
| Debt To Equity | 14.866 |
| Dividend Rate | 1.15 |
| Dividend Yield | 0.118999995 |
| Earnings Growth | -0.155 |
| Earnings Quarterly Growth | -0.155 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 11.285 |
| Enterprise Value | 290,635,104 |
| Ex Dividend Date | 1,782,864,000 |
| Exchange | NYQ |
| Exchange Timezone Name | UTC |
| Fifty Day Average | 9.614 |
| Fifty Two Week High | 10.11 |
| Fifty Two Week Low | 9.4 |
| Financial Currency | USD |
| First Trade Date Epoch Utc | 1,784,295,000 |
| Five Year Avg Dividend Yield | 10.29 |
| Free Cashflow | 9,504,890 |
| Fullday Change | 0.0200005 |
| Fullday Change Percent | 0.00207259 |
| Fullday Price | 9.67 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 25,754,376 |
| Held Percent Insiders | 0.0 |
| Held Percent Institutions | 0.35329 |
| Implied Shares Outstanding | 25,983,388 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Last Dividend Date | 1,782,864,000 |
| Last Dividend Value | 0.0813 |
| Last Fiscal Year End | 1,748,649,600 |
| Long Business Summary | First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as First Trust/Four Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States. |
| Long Name | First Trust Exchange Traded Fund VIII - First Trust Flexible Income ETF |
| Market Cap | 251,259,360 |
| Max Age | 86,400 |
| Message Board Id | finmb_10082848 |
| Most Recent Quarter | 1,764,460,800 |
| Net Income To Common | 16,876,336 |
| Next Fiscal Year End | 1,780,185,600 |
| Non Diluted Market Cap | 251,259,361 |
| Open | 9.63 |
| Operating Cashflow | 24,090,466 |
| Operating Margins | 0.87828004 |
| Payout Ratio | 1.7908 |
| Phone | 630-765-8000 |
| Previous Close | 9.65 |
| Price Hint | 2 |
| Price To Book | 0.93384844 |
| Price To Sales Trailing12 Months | 9.755987 |
| Profit Margins | 0.65528 |
| Quick Ratio | 0.141 |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Regular Market Day High | 9.69 |
| Regular Market Day Low | 9.62 |
| Regular Market Open | 9.63 |
| Regular Market Previous Close | 9.65 |
| Regular Market Volume | 1,132,230 |
| Return On Assets | 0.04249 |
| Return On Equity | 0.0612 |
| Revenue Growth | -0.026 |
| Revenue Per Share | 0.991 |
| Sand P52 Week Change | 0.18509698 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 25,983,388 |
| Shares Percent Shares Out | 0.0055 |
| Shares Short | 143,827 |
| Shares Short Previous Month Date | 1,781,481,600 |
| Shares Short Prior Month | 22,546 |
| Short Name | First Trust Senior Floating Rat |
| Short Percent Of Float | 0.0095 |
| Short Ratio | 1.14 |
| State | IL |
| Symbol | FCT |
| Time Zone Full Name | America/New_York |
| Time Zone Short Name | EDT |
| Total Cash | 104,588 |
| Total Cash Per Share | 0.004 |
| Total Debt | 40,000,000 |
| Total Revenue | 25,754,376 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.44 |
| Trailing P E | 21.977274 |
| Trailing Peg Ratio | None |
| Two Hundred Day Average | 9.744 |
| Underlying Symbol | FCT |
| Uuid | 67,262b49-65de-3987-8a46-a2abdd7b9771 |
| Volume | 1,132,230 |
| Website | https://www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FCT |
| Zip | 60,187 |