FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 93,836 shares, a growth of 256.9% from the June 30th total of 26,292 shares. Based on an average trading volume of 70,995 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are sold short.
FT Energy Income Partners Strategy ETF Stock Performance
EIPX stock traded down $0.01 during trading on Tuesday, reaching $32.33. 21,343 shares of the company traded hands, compared to its average volume of 41,767. FT Energy Income Partners Strategy ETF has a 12 month low of $25.38 and a 12 month high of $33.24. The business has a 50 day simple moving average of $31.94 and a 200 day simple moving average of $31.14. The company has a market capitalization of $551.23 million, a price-to-earnings ratio of 14.99 and a beta of 0.32.
Institutional Trading of FT Energy Income Partners Strategy ETF
Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth approximately $324,000. Bank of America Corp DE purchased a new stake in FT Energy Income Partners Strategy ETF during the second quarter valued at approximately $762,000. Private Advisor Group LLC boosted its stake in FT Energy Income Partners Strategy ETF by 41.4% in the third quarter. Private Advisor Group LLC now owns 17,000 shares of the company’s stock valued at $445,000 after acquiring an additional 4,977 shares in the last quarter. Raymond James Financial Inc. grew its holdings in FT Energy Income Partners Strategy ETF by 0.7% in the third quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock worth $4,463,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of FT Energy Income Partners Strategy ETF during the third quarter worth $556,000.
About FT Energy Income Partners Strategy ETF
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.
Further Reading
- Five stocks we like better than FT Energy Income Partners Strategy ETF
- Is the Market Mispricing ServiceNow’s AI Future?
- Nano Nuclear’s Air Force Contract Puts Its Short-Squeeze Setup in Focus
- Amkor Sells Off After Earnings—Why Weak Guidance Isn’t the Real Story
- 5 Space Stocks Face a Brutal Correction: Which Ones Are Still Buys?
Receive News & Ratings for FT Energy Income Partners Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FT Energy Income Partners Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
