Short Interest in FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Grows By 1,073.9%

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 115,176 shares, an increase of 1,073.9% from the August 15th total of 9,811 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,170 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On FT Energy Income Partners Enhanced Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the 2nd quarter worth approximately $108,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of FT Energy Income Partners Enhanced Income ETF in the 1st quarter worth $225,000. Bank of New York Mellon Corp raised its position in shares of FT Energy Income Partners Enhanced Income ETF by 173.7% during the 1st 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 in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of FT Energy Income Partners Enhanced Income ETF by 21.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock valued at $1,911,000 after acquiring an additional 16,805 shares during the last quarter.

FT Energy Income Partners Enhanced Income ETF Stock Performance

EIPI remained flat at $22.74 during trading on Friday. 11,142 shares of the company traded hands, compared to its average volume of 96,956. The company has a market cap of $1.11 billion, a P/E ratio of 16.58 and a beta of 0.13. The stock has a 50-day moving average price of $22.49 and a 200-day moving average price of $22.32. FT Energy Income Partners Enhanced Income ETF has a 52 week low of $19.37 and a 52 week high of $23.08.

About FT Energy Income Partners Enhanced Income ETF

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.