FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Sees Large Decline in Short Interest

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 26,292 shares, a drop of 39.7% from the June 15th total of 43,584 shares. Based on an average daily trading volume, of 31,417 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EIPX. Fifth Third Bancorp bought a new stake in FT Energy Income Partners Strategy ETF in the 1st quarter worth approximately $26,000. Marshall Investment Management LLC boosted its position in FT Energy Income Partners Strategy ETF by 1.8% in the fourth quarter. Marshall Investment Management LLC now owns 47,651 shares of the company’s stock worth $1,260,000 after purchasing an additional 858 shares during the last quarter. Private Advisor Group LLC boosted its position in FT Energy Income Partners Strategy ETF by 5.5% in the first quarter. Private Advisor Group LLC now owns 18,462 shares of the company’s stock worth $594,000 after purchasing an additional 964 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in FT Energy Income Partners Strategy ETF by 4.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 21,483 shares of the company’s stock worth $568,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of FT Energy Income Partners Strategy ETF by 0.7% during the 3rd quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock valued at $4,463,000 after purchasing an additional 1,233 shares during the period.

FT Energy Income Partners Strategy ETF Trading Up 0.1%

NYSEARCA:EIPX traded up $0.03 during mid-day trading on Friday, reaching $32.27. The company’s stock had a trading volume of 8,670 shares, compared to its average volume of 41,729. The stock has a market cap of $550.20 million, a P/E ratio of 14.99 and a beta of 0.32. The firm’s fifty day moving average price is $31.90 and its two-hundred day moving average price is $30.85. FT Energy Income Partners Strategy ETF has a 12-month low of $25.38 and a 12-month high of $33.09.

About FT Energy Income Partners Strategy ETF

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.