FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 115,176 shares, a growth of 1,073.9% from the August 15th total of 9,811 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 77,170 shares, the short-interest ratio is currently 1.5 days.
FT Energy Income Partners Enhanced Income ETF Price Performance
NYSEARCA:EIPI traded down $0.14 during mid-day trading on Thursday, reaching $22.74. The stock had a trading volume of 56,188 shares, compared to its average volume of 97,498. The stock has a 50-day simple moving average of $22.49 and a two-hundred day simple moving average of $22.32. The stock has a market capitalization of $1.11 billion, a PE ratio of 16.58 and a beta of 0.13. FT Energy Income Partners Enhanced Income ETF has a 12 month low of $19.37 and a 12 month high of $23.08.
Hedge Funds Weigh In On FT Energy Income Partners Enhanced Income ETF
Several hedge funds and other institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC bought a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the 2nd quarter worth $108,000. Nations Financial Group Inc. IA ADV bought a new position in FT Energy Income Partners Enhanced Income ETF in the first quarter valued at about $225,000. Brown Brothers Harriman & Co. grew its position in FT Energy Income Partners Enhanced Income ETF by 21.1% in the third quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock valued at $1,911,000 after acquiring an additional 16,805 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in FT Energy Income Partners Enhanced Income ETF by 173.7% during the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after acquiring an additional 26,232 shares in the last quarter.
About FT Energy Income Partners Enhanced Income ETF
The FT Energy Income Partners Enhanced Income ETF (EIPI) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that seeks total return with a focus on distributions. The fund invests globally within the broader energy market, while combining both covered and naked call options writing strategies to enhance income. EIPI was launched on Sep 27, 2011 and is issued by First Trust.
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