FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Short Interest Down 50.2% in June

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 66,097 shares, a drop of 50.2% from the May 31st total of 132,648 shares. Based on an average daily volume of 76,032 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of FT Energy Income Partners Enhanced Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 26,232 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of FT Energy Income Partners Enhanced Income ETF by 21.1% in the 3rd 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. Nations Financial Group Inc. IA ADV acquired a new position in FT Energy Income Partners Enhanced Income ETF during the 1st quarter valued at approximately $225,000. Daytona Street Capital LLC acquired a new stake in FT Energy Income Partners Enhanced Income ETF in the fourth quarter worth $49,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of 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 valued at $93,000 after acquiring an additional 2,114 shares during the period.

FT Energy Income Partners Enhanced Income ETF Price Performance

NYSEARCA:EIPI traded down $0.02 during trading hours on Tuesday, reaching $21.95. 37,616 shares of the company were exchanged, compared to its average volume of 98,822. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 16.58 and a beta of 0.13. The stock has a 50 day simple moving average of $22.20 and a 200 day simple moving average of $21.60. FT Energy Income Partners Enhanced Income ETF has a 52-week low of $19.37 and a 52-week high of $22.96.

About FT Energy Income Partners Enhanced Income ETF

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.