Short Interest in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Declines By 35.2%

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 139,624 shares, a decrease of 35.2% from the March 15th total of 215,413 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 591,601 shares, the short-interest ratio is presently 0.2 days.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.3%

First Trust Institutional Preferred Securities and Income ETF stock traded up $0.05 during midday trading on Tuesday, reaching $19.31. 232,758 shares of the company traded hands, compared to its average volume of 443,781. The business has a 50 day moving average of $19.29 and a two-hundred day moving average of $19.37. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.16 and a 12 month high of $19.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FPEI. Jane Street Group LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at approximately $1,520,000. First Trust Advisors LP raised its position in First Trust Institutional Preferred Securities and Income ETF by 7.9% in the second quarter. First Trust Advisors LP now owns 262,064 shares of the company’s stock worth $4,977,000 after acquiring an additional 19,155 shares during the period. Raymond James Financial Inc. raised its position in First Trust Institutional Preferred Securities and Income ETF by 12.4% in the second quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock worth $38,112,000 after acquiring an additional 222,032 shares during the period. Vista Investment Management raised its position in First Trust Institutional Preferred Securities and Income ETF by 3.6% in the second quarter. Vista Investment Management now owns 265,973 shares of the company’s stock worth $5,051,000 after acquiring an additional 9,203 shares during the period. Finally, MML Investors Services LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 7.4% in the second quarter. MML Investors Services LLC now owns 38,636 shares of the company’s stock worth $734,000 after acquiring an additional 2,676 shares during the period.

About First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.