FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 57,377 shares, a growth of 52.6% from the August 31st total of 37,605 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 33,267 shares, the days-to-cover ratio is currently 1.7 days.
Institutional Investors Weigh In On FT Energy Income Partners Strategy ETF
A number of hedge funds have recently made changes to their positions in EIPX. AlTi Global Inc. boosted its stake in shares of FT Energy Income Partners Strategy ETF by 4.8% during the first quarter. AlTi Global Inc. now owns 4,637,146 shares of the company’s stock valued at $149,121,000 after purchasing an additional 213,373 shares during the period. Cerity Partners OCIO LLC grew its stake in shares of FT Energy Income Partners Strategy ETF by 0.3% in the fourth quarter. Cerity Partners OCIO LLC now owns 2,370,562 shares of the company’s stock worth $62,678,000 after purchasing an additional 7,675 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in FT Energy Income Partners Strategy ETF during the 1st quarter valued at about $5,182,000. Rockefeller Capital Management L.P. increased its holdings in FT Energy Income Partners Strategy ETF by 10.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 120,181 shares of the company’s stock valued at $3,178,000 after purchasing an additional 11,292 shares during the period. Finally, Eastern Bank increased its holdings in FT Energy Income Partners Strategy ETF by 24.7% during the 2nd quarter. Eastern Bank now owns 98,217 shares of the company’s stock valued at $3,074,000 after purchasing an additional 19,439 shares during the period.
FT Energy Income Partners Strategy ETF Price Performance
NYSEARCA:EIPX opened at $31.14 on Thursday. The business has a 50 day moving average of $32.90 and a 200 day moving average of $32.28. The company has a market capitalization of $543.34 million, a price-to-earnings ratio of 14.99 and a beta of 0.32. FT Energy Income Partners Strategy ETF has a 1-year low of $25.38 and a 1-year high of $34.09.
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.
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