FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Short Interest Down 71.3% in May

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 37,054 shares, a decline of 71.3% from the May 14th total of 129,038 shares. Based on an average trading volume of 44,049 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

FT Energy Income Partners Strategy ETF Stock Up 0.3%

EIPX traded up $0.10 during trading on Thursday, hitting $32.02. 6,720 shares of the company’s stock were exchanged, compared to its average volume of 40,752. The business’s 50 day moving average is $32.06 and its two-hundred day moving average is $29.96. FT Energy Income Partners Strategy ETF has a fifty-two week low of $25.38 and a fifty-two week high of $33.09. The stock has a market cap of $518.72 million, a P/E ratio of 14.99 and a beta of 0.32.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

Several institutional investors have recently added to or reduced their stakes in the stock. AlTi Global Inc. grew its position in 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 valued at $149,121,000 after buying an additional 213,373 shares during the period. Cerity Partners OCIO LLC boosted its position in FT Energy Income Partners Strategy ETF by 0.3% during the fourth quarter. Cerity Partners OCIO LLC now owns 2,370,562 shares of the company’s stock worth $62,678,000 after purchasing an additional 7,675 shares during the period. Raymond James Financial Inc. boosted its position in FT Energy Income Partners Strategy ETF by 0.7% during the third quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock worth $4,463,000 after purchasing an additional 1,233 shares during the period. Elevation Point Wealth Partners LLC bought a new position in FT Energy Income Partners Strategy ETF during the first quarter worth about $5,182,000. Finally, Stifel Financial Corp boosted its position in FT Energy Income Partners Strategy ETF by 3.5% during the fourth quarter. Stifel Financial Corp now owns 154,248 shares of the company’s stock worth $4,078,000 after purchasing an additional 5,174 shares during the period.

About FT Energy Income Partners Strategy ETF

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.