FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Short Interest Update

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 67,607 shares, a decline of 41.6% from the April 15th total of 115,697 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 126,176 shares, the short-interest ratio is currently 0.5 days.

FT Energy Income Partners Enhanced Income ETF Stock Down 0.0%

Shares of NYSEARCA:EIPI traded down $0.01 during trading on Friday, reaching $22.49. The stock had a trading volume of 74,260 shares, compared to its average volume of 103,574. The business has a fifty day moving average price of $22.33 and a 200-day moving average price of $21.12. The stock has a market cap of $1.07 billion, a P/E ratio of 16.58 and a beta of 0.21. FT Energy Income Partners Enhanced Income ETF has a fifty-two week low of $19.03 and a fifty-two week high of $22.85.

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

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of FT Energy Income Partners Enhanced Income ETF by 173.7% in the first 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 during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in FT Energy Income Partners Enhanced Income ETF during the first quarter worth approximately $225,000. Farther Finance Advisors LLC increased its position in FT Energy Income Partners Enhanced Income ETF by 81.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock worth $93,000 after purchasing an additional 2,114 shares during the last quarter. Daytona Street Capital LLC acquired a new position in FT Energy Income Partners Enhanced Income ETF during the fourth quarter worth approximately $49,000. Finally, Brown Brothers Harriman & Co. increased its position in FT Energy Income Partners Enhanced Income ETF by 21.1% during the third quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after purchasing an additional 16,805 shares during the last quarter.

FT Energy Income Partners Enhanced Income ETF Company Profile

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.