FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Short Interest Down 81.6% in July

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,997 shares, a decline of 81.6% from the July 15th total of 59,744 shares. Based on an average daily volume of 169,811 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

FT Energy Income Partners Enhanced Income ETF Stock Performance

EIPI opened at $22.47 on Wednesday. FT Energy Income Partners Enhanced Income ETF has a 1-year low of $19.37 and a 1-year high of $22.96. The company has a market capitalization of $1.10 billion, a P/E ratio of 16.58 and a beta of 0.13. The company has a 50-day moving average of $22.13 and a 200-day moving average of $22.10.

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

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in 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 worth $93,000 after purchasing an additional 2,114 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of FT Energy Income Partners Enhanced Income ETF in the 2nd quarter valued at about $108,000. Nations Financial Group Inc. IA ADV purchased a new position in FT Energy Income Partners Enhanced Income ETF in the first quarter valued at about $225,000. Bank of New York Mellon Corp grew its position in FT Energy Income Partners Enhanced Income ETF by 173.7% in the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after acquiring an additional 26,232 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in FT Energy Income Partners Enhanced Income ETF by 21.1% during the third quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after buying an additional 16,805 shares during the last quarter.

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.