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 significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 302,125 shares, a growth of 70.2% from the July 30th total of 177,462 shares. Based on an average trading volume of 344,308 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are short sold.

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

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at about $29,000. Arax Advisory Partners acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $36,000. Colonial Trust Co SC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% in the fourth quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock worth $37,000 after acquiring an additional 1,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $84,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $88,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.2%

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.96 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.71 and a 12 month high of $19.61. The business has a 50 day moving average price of $19.17 and a two-hundred day moving average price of $19.22.

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.