FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Short Interest Up 1,601.0% in May

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 129,038 shares, a growth of 1,601.0% from the April 30th total of 7,586 shares. Based on an average daily trading volume, of 33,878 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On FT Energy Income Partners Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AlTi Global Inc. lifted its holdings in shares of FT Energy Income Partners Strategy ETF by 4.8% during the first quarter. AlTi Global Inc. now owns 4,637,146 shares of the company’s stock worth $149,121,000 after buying an additional 213,373 shares in the last quarter. Cerity Partners OCIO LLC raised its stake in FT Energy Income Partners Strategy ETF by 0.3% in the fourth quarter. Cerity Partners OCIO LLC now owns 2,370,562 shares of the company’s stock valued at $62,678,000 after purchasing an additional 7,675 shares in the last quarter. Raymond James Financial Inc. raised its stake in FT Energy Income Partners Strategy ETF by 0.7% in the third quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock valued at $4,463,000 after purchasing an additional 1,233 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in FT Energy Income Partners Strategy ETF in the first quarter valued at about $5,182,000. Finally, Stifel Financial Corp raised its stake in FT Energy Income Partners Strategy ETF by 3.5% in the fourth quarter. Stifel Financial Corp now owns 154,248 shares of the company’s stock valued at $4,078,000 after purchasing an additional 5,174 shares in the last quarter.

FT Energy Income Partners Strategy ETF Stock Down 1.1%

Shares of EIPX traded down $0.34 during midday trading on Friday, reaching $31.58. 62,685 shares of the stock were exchanged, compared to its average volume of 42,496. FT Energy Income Partners Strategy ETF has a twelve month low of $24.75 and a twelve month high of $33.09. The company has a market cap of $511.60 million, a P/E ratio of 14.99 and a beta of 0.36. The stock’s 50 day simple moving average is $32.11 and its 200 day simple moving average is $29.64.

FT Energy Income Partners Strategy ETF Company Profile

The FT Energy Income Partners Strategy ETF (EIPX) is an exchange-traded fund that mostly invests in energy equity. The fund seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser. EIPX was launched on Nov 2, 2022 and is managed by First Trust.