First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Update

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 58,076 shares, a decrease of 58.4% from the March 31st total of 139,624 shares. Based on an average daily trading volume, of 344,586 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock traded up $0.02 on Friday, reaching $19.22. The company’s stock had a trading volume of 251,952 shares, compared to its average volume of 459,061. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.34 and a 52 week high of $19.61. The firm has a fifty day moving average of $19.25 and a two-hundred day moving average of $19.36.

Hedge Funds Weigh In On First Trust Institutional Preferred Securities and Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essex LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.6% in the 1st quarter. Essex LLC now owns 645,831 shares of the company’s stock worth $12,271,000 after buying an additional 3,573 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 14.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 121,922 shares of the company’s stock worth $2,317,000 after buying an additional 15,189 shares in the last quarter. Maridea Wealth Management LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 107.6% in the 1st quarter. Maridea Wealth Management LLC now owns 40,647 shares of the company’s stock worth $772,000 after buying an additional 21,071 shares in the last quarter. Independent Wealth Network Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter worth approximately $386,000. Finally, Kestra Private Wealth Services LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 54,363 shares of the company’s stock worth $1,033,000 after buying an additional 722 shares in the last quarter.

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.