First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Stock Short Interest Report for October

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 7,470 shares, a decline of 80.7% from the September 30th total of 38,677 shares. Based on an average daily trading volume, of 349,416 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 8.7% in the third quarter. D.A. Davidson & CO. now owns 279,776 shares of the company’s stock worth $4,479,000 after acquiring an additional 22,289 shares during the period. Saxony Capital Management LLC lifted its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 7.6% in the 3rd quarter. Saxony Capital Management LLC now owns 29,800 shares of the company’s stock valued at $477,000 after purchasing an additional 2,100 shares during the period. Shaker Financial Services LLC boosted its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 70.0% during the 3rd quarter. Shaker Financial Services LLC now owns 44,551 shares of the company’s stock worth $713,000 after buying an additional 18,341 shares in the last quarter. Noble Wealth Management PBC boosted its stake in First Trust Intermediate Duration Preferred & Income Fund by 4.1% during the third quarter. Noble Wealth Management PBC now owns 85,758 shares of the company’s stock worth $1,373,000 after acquiring an additional 3,395 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 4.8% in the 2nd quarter. NewEdge Advisors LLC now owns 86,756 shares of the company’s stock valued at $1,576,000 after buying an additional 3,986 shares during the period.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

First Trust Intermediate Duration Preferred & Income Fund stock traded up $0.07 during trading hours on Wednesday, hitting $15.79. The stock had a trading volume of 280,854 shares, compared to its average volume of 136,683. The business’s 50 day simple moving average is $16.54 and its 200-day simple moving average is $17.83. First Trust Intermediate Duration Preferred & Income Fund has a one year low of $15.30 and a one year high of $19.36.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $0.1375 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.65 annualized dividend and a dividend yield of 10.5%.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end investment company managed by First Trust Advisors L.P. The fund is designed to provide investors with current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt securities, including securities issued by corporations and financial institutions. Its portfolio is managed with an intermediate-duration approach, which seeks to balance income generation with sensitivity to changes in interest rates.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure to multiple sectors and geographies.