First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Short Interest Update

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 145,100 shares, a growth of 111.8% from the March 15th total of 68,500 shares. Based on an average daily volume of 133,000 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.5 %

Shares of First Trust Intermediate Duration Preferred & Income Fund stock opened at $17.12 on Friday. The firm’s 50 day moving average price is $18.15 and its 200-day moving average price is $18.49. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $15.60 and a 52-week high of $19.74.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a dividend of $0.1375 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.65 annualized dividend and a yield of 9.64%.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

A number of institutional investors have recently bought and sold shares of FPF. Lido Advisors LLC increased its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.9% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the company’s stock valued at $445,000 after purchasing an additional 700 shares during the period. Noble Wealth Management PBC lifted its holdings in First Trust Intermediate Duration Preferred & Income Fund by 84.2% in the first quarter. Noble Wealth Management PBC now owns 1,750 shares of the company’s stock valued at $32,000 after acquiring an additional 800 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 5.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,334 shares of the company’s stock worth $330,000 after purchasing an additional 920 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter valued at $35,000. Finally, Elequin Capital LP purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund during the fourth quarter worth $48,000.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.