First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Stock Short Interest Report for October

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,470 shares, a decline of 80.7% from the September 30th total of 38,677 shares. Based on an average trading volume of 349,416 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund in the second quarter valued at approximately $1,724,000. Saxony Capital Management LLC increased its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 7.6% during the third quarter. Saxony Capital Management LLC now owns 29,800 shares of the company’s stock worth $477,000 after acquiring an additional 2,100 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 70.0% during the third quarter. Shaker Financial Services LLC now owns 44,551 shares of the company’s stock worth $713,000 after acquiring an additional 18,341 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 765.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,622 shares of the company’s stock worth $48,000 after acquiring an additional 2,319 shares during the period. Finally, Allworth Financial LP acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the second quarter worth $47,000.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

Shares of First Trust Intermediate Duration Preferred & Income Fund stock opened at $15.53 on Tuesday. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $15.30 and a 1 year high of $19.36. The business has a 50-day moving average of $16.63 and a two-hundred day moving average of $17.86.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a $0.1375 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.65 annualized dividend and a dividend yield of 10.6%.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end investment company managed by First Trust Advisors L.P. The fund is designed to provide investors with current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt securities, including securities issued by corporations and financial institutions. Its portfolio is managed with an intermediate-duration approach, which seeks to balance income generation with sensitivity to changes in interest rates.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure to multiple sectors and geographies.