FCVT:NASDAQFirst Trust SSI Strategic Convertible Securities ETF Analysis
Data as of 2026-06-21 - not real-time
$54.44
Latest Price
5/10Risk
Risk Level: Medium
Executive Summary
FCVT is firmly in a bullish technical regime, trading at $54.44 above its 20‑day SMA (52.90), 50‑day SMA (51.02) and 200‑day SMA (45.84). The RSI of 62.7 and a bullish MACD (0.76 vs. signal 0.72) confirm upward momentum, while the price sits just under the nearest resistance at $54.69 with solid support at $50.54.
However, the fund’s cost and volatility warrant caution: a 0.95% expense ratio is high for an ETF, 30‑day volatility is ~24.5% and beta (1.07) indicates slightly higher market sensitivity. The max drawdown of 8.7% shows moderate downside risk, but zero tracking error and adequate liquidity (average volume ~21k, today’s 50k) keep tracking and liquidity concerns low.
However, the fund’s cost and volatility warrant caution: a 0.95% expense ratio is high for an ETF, 30‑day volatility is ~24.5% and beta (1.07) indicates slightly higher market sensitivity. The max drawdown of 8.7% shows moderate downside risk, but zero tracking error and adequate liquidity (average volume ~21k, today’s 50k) keep tracking and liquidity concerns low.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 6/10
Key Factors
- Price near resistance with strong technical support
- Stable volume and low tracking error
- High expense ratio and elevated short‑term volatility
Medium Term
1–3 yearsPositive
Model confidence: 7/10
Key Factors
- Sustained bullish momentum (SMA alignment, RSI, MACD)
- Convertible exposure offering upside with downside protection
- Favorable risk‑adjusted return potential despite expense ratio
Long Term
> 3 yearsNeutral
Model confidence: 6/10
Key Factors
- Convertible securities’ long‑run income and equity upside
- Moderate beta and historical drawdown indicating manageable risk
- Expense ratio may erode returns over extended horizons
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.95%
AUM$122.3M
Inception Date2015-11-03
Avg Daily Volume21,840
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield1.20%
Technical Analysis
TrendBullish
RSI62.7
Support$50.54
Resistance$54.69
MA 20$52.90
MA 50$51.02
MA 200$45.84
MACDBullish
VolumeStable
Fear & Greed Index91.46
Risk Assessment
Beta1.07
Volatility24.54%
Currency RiskLow
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.