First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Down 16.9% in January

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 431,716 shares, a decrease of 16.9% from the January 15th total of 519,480 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 465,726 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 465,726 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.1%

Shares of NYSEARCA:FPEI traded up $0.02 on Monday, hitting $19.54. 202,768 shares of the company’s stock were exchanged, compared to its average volume of 452,152. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.54. The business’s 50 day simple moving average is $19.44 and its two-hundred day simple moving average is $19.36.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were paid a $0.0913 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 5.6%.

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

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 4,539.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,203,161 shares of the company’s stock worth $81,499,000 after buying an additional 4,112,566 shares during the last quarter. Morgan Stanley boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 11.9% in the fourth quarter. Morgan Stanley now owns 18,537,923 shares of the company’s stock valued at $359,450,000 after acquiring an additional 1,976,898 shares in the last quarter. Montis Financial LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 14,194.9% in the third quarter. Montis Financial LLC now owns 1,568,581 shares of the company’s stock worth $30,336,000 after purchasing an additional 1,557,608 shares during the last quarter. Legacy Edge Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $21,779,000. Finally, Smith Chas P & Associates PA Cpas increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 71.2% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 2,380,461 shares of the company’s stock worth $46,157,000 after purchasing an additional 989,787 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.