FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Short Interest Update

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 66,097 shares, a decline of 50.2% from the May 31st total of 132,648 shares. Based on an average daily trading volume, of 76,032 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On FT Energy Income Partners Enhanced Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of FT Energy Income Partners Enhanced Income ETF by 81.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after purchasing an additional 2,114 shares in the last quarter. Daytona Street Capital LLC purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the 4th quarter worth approximately $49,000. Nations Financial Group Inc. IA ADV bought a new position in FT Energy Income Partners Enhanced Income ETF during the 1st quarter valued at approximately $225,000. Brown Brothers Harriman & Co. increased its position in FT Energy Income Partners Enhanced Income ETF by 21.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock valued at $1,911,000 after buying an additional 16,805 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in FT Energy Income Partners Enhanced Income ETF by 173.7% during the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock valued at $930,000 after buying an additional 26,232 shares during the last quarter.

FT Energy Income Partners Enhanced Income ETF Stock Down 1.1%

Shares of NYSEARCA:EIPI traded down $0.24 during midday trading on Wednesday, reaching $21.60. The company’s stock had a trading volume of 67,622 shares, compared to its average volume of 99,103. The firm has a 50 day moving average of $22.19 and a 200-day moving average of $21.63. The firm has a market capitalization of $1.03 billion, a P/E ratio of 16.58 and a beta of 0.13. FT Energy Income Partners Enhanced Income ETF has a 12-month low of $19.37 and a 12-month high of $22.96.

FT Energy Income Partners Enhanced Income ETF Company Profile

The FT Energy Income Partners Enhanced Income ETF (EIPI) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that seeks total return with a focus on distributions. The fund invests globally within the broader energy market, while combining both covered and naked call options writing strategies to enhance income. EIPI was launched on Sep 27, 2011 and is issued by First Trust.