First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Stock Short Interest Drops 83.3%

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 21,515 shares, a decrease of 83.3% from the August 31st total of 129,131 shares. Based on an average trading volume of 377,837 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $29,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at approximately $88,000. Valmark Advisers Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the first quarter worth $192,000. Gaddis Premier Wealth Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $199,000. Finally, Independent Financial Group LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the first quarter worth $199,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPEI remained flat at $18.59 during midday trading on Friday. 644,494 shares of the company traded hands, compared to its average volume of 405,155. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.55 and a 1-year high of $19.61. The firm has a fifty day moving average price of $19.02 and a two-hundred day moving average price of $19.14.

First Trust Institutional Preferred Securities and Income ETF Company Profile

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.