FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Shares Shorted: Short Interest Down 58.4% in September

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 23,850 shares, a decline of 58.4% from the September 15th total of 57,377 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 37,437 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlTi Global Inc. grew its position in FT Energy Income Partners Strategy ETF by 4.8% in the first quarter. AlTi Global Inc. now owns 4,637,146 shares of the company’s stock valued at $149,121,000 after acquiring an additional 213,373 shares during the period. Elevation Point Wealth Partners LLC bought a new position in FT Energy Income Partners Strategy ETF in the first quarter valued at about $5,182,000. Rockefeller Capital Management L.P. raised its stake in shares of FT Energy Income Partners Strategy ETF by 10.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 120,181 shares of the company’s stock worth $3,178,000 after buying an additional 11,292 shares during the last quarter. Eastern Bank grew its stake in shares of FT Energy Income Partners Strategy ETF by 24.7% during the second quarter. Eastern Bank now owns 98,217 shares of the company’s stock worth $3,074,000 after purchasing an additional 19,439 shares during the period. Finally, Arax Advisory Partners bought a new stake in shares of FT Energy Income Partners Strategy ETF in the 4th quarter valued at about $1,815,000.

FT Energy Income Partners Strategy ETF Price Performance

FT Energy Income Partners Strategy ETF stock traded down $0.22 during trading hours on Thursday, hitting $32.45. The company had a trading volume of 24,326 shares, compared to its average volume of 38,500. FT Energy Income Partners Strategy ETF has a fifty-two week low of $25.56 and a fifty-two week high of $34.09. The firm’s fifty day moving average is $32.87 and its 200-day moving average is $32.30. The firm has a market capitalization of $567.88 million, a P/E ratio of 14.99 and a beta of 0.34.

FT Energy Income Partners Strategy ETF Company Profile

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.