FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Stock Short Interest Drops 58.4%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 23,850 shares, a drop of 58.4% from the September 15th total of 57,377 shares. Based on an average daily trading volume, of 37,437 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

FT Energy Income Partners Strategy ETF Price Performance

Shares of EIPX stock traded down $0.23 on Wednesday, hitting $32.67. The stock had a trading volume of 21,069 shares, compared to its average volume of 38,572. The firm has a market capitalization of $571.73 million, a P/E ratio of 14.99 and a beta of 0.34. FT Energy Income Partners Strategy ETF has a 1 year low of $25.56 and a 1 year high of $34.09. The company’s 50 day moving average price is $32.85 and its 200-day moving average price is $32.30.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EIPX. Fifth Third Bancorp purchased a new position in FT Energy Income Partners Strategy ETF in the first quarter valued at $26,000. Envestnet Asset Management Inc. acquired a new stake in FT Energy Income Partners Strategy ETF in the 2nd quarter valued at about $229,000. D.A. Davidson & CO. acquired a new stake in FT Energy Income Partners Strategy ETF in the 1st quarter valued at about $271,000. Van Diest Capital LLC acquired a new stake in FT Energy Income Partners Strategy ETF in the 4th quarter valued at about $226,000. Finally, Sigma Planning Corp boosted its stake in shares of FT Energy Income Partners Strategy ETF by 13.2% in the 1st quarter. Sigma Planning Corp now owns 15,685 shares of the company’s stock valued at $504,000 after buying an additional 1,835 shares during the period.

FT Energy Income Partners Strategy ETF Company Profile

The FT Energy Income Partners Strategy ETF (EIPX) is an exchange-traded fund that mostly invests in energy equity. The fund seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser. EIPX was launched on Nov 2, 2022 and is managed by First Trust.