Short Interest in FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Increases By 170.4%

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 59,744 shares, an increase of 170.4% from the June 30th total of 22,097 shares. Based on an average daily volume of 73,856 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

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

Large investors have recently bought and sold shares of the stock. Daytona Street Capital LLC purchased a new position in FT Energy Income Partners Enhanced Income ETF during the 4th quarter worth $49,000. Farther Finance Advisors LLC raised its holdings in shares of FT Energy Income Partners Enhanced Income ETF by 81.9% in the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after purchasing an additional 2,114 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of FT Energy Income Partners Enhanced Income ETF during the second quarter valued at about $108,000. Nations Financial Group Inc. IA ADV bought a new position in shares of FT Energy Income Partners Enhanced Income ETF during the first quarter valued at about $225,000. Finally, Bank of New York Mellon Corp boosted its holdings in FT Energy Income Partners Enhanced Income ETF by 173.7% during the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after purchasing an additional 26,232 shares during the last quarter.

FT Energy Income Partners Enhanced Income ETF Stock Performance

Shares of FT Energy Income Partners Enhanced Income ETF stock traded up $0.04 during trading hours on Tuesday, reaching $22.27. The company’s stock had a trading volume of 65,923 shares, compared to its average volume of 104,335. FT Energy Income Partners Enhanced Income ETF has a one year low of $19.37 and a one year high of $22.96. The company has a market capitalization of $1.07 billion, a P/E ratio of 16.58 and a beta of 0.14. The stock’s fifty day simple moving average is $22.16 and its two-hundred day simple moving average is $21.94.

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.