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 large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,997 shares, a decline of 81.6% from the July 15th total of 59,744 shares. Based on an average trading volume of 169,811 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased 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 buying an additional 16,805 shares during the last quarter. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 2,114 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in FT Energy Income Partners Enhanced Income ETF during the first quarter valued at approximately $225,000. Bank of New York Mellon Corp raised its position 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 valued at $930,000 after purchasing an additional 26,232 shares during the period. Finally, Allied Private Wealth LLC bought a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the 2nd quarter valued at approximately $108,000.

FT Energy Income Partners Enhanced Income ETF Price Performance

Shares of NYSEARCA EIPI traded up $0.03 during midday trading on Thursday, reaching $22.60. 37,593 shares of the stock traded hands, compared to its average volume of 100,768. The stock has a market capitalization of $1.10 billion, a PE ratio of 16.58 and a beta of 0.13. 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’s 50 day moving average is $22.15 and its 200 day moving average is $22.13.

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.