AirNet Technology raises $180 million in digital assets offering
In a challenging economic climate, First Trust Senior Floating Rate II (FCT) stock has reached its 52-week low, dipping to $9.76. According to InvestingPro data, the stock’s RSI indicates oversold territory, while maintaining an attractive 11.75% dividend yield with a 22-year history of consistent payments. This latest price point reflects a notable shift for the investment fund, though InvestingPro data shows a beta of 0.57, indicating relatively low price volatility. With a P/E ratio of 11.23 and market capitalization of $252.56 million, investors are closely monitoring FCT as it navigates through market conditions. The fund’s movement towards this low watermark has sparked discussions among analysts about the potential for rebound or further decline in the face of ongoing market headwinds. Get access to 5 additional exclusive ProTips and comprehensive technical analysis with an InvestingPro subscription.
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