FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 49,864 shares, a decrease of 55.4% from the September 15th total of 111,820 shares. Based on an average daily trading volume, of 79,851 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.
FT Energy Income Partners Enhanced Income ETF Trading Down 0.4%
NYSEARCA EIPI traded down $0.10 during trading on Wednesday, hitting $22.20. 49,475 shares of the company’s stock were exchanged, compared to its average volume of 94,939. The company has a market cap of $1.09 billion, a PE ratio of 16.58 and a beta of 0.17. FT Energy Income Partners Enhanced Income ETF has a fifty-two week low of $19.37 and a fifty-two week high of $23.08. The stock’s 50 day moving average price is $22.35 and its two-hundred day moving average price is $22.28.
Hedge Funds Weigh In On FT Energy Income Partners Enhanced Income ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC acquired a new stake in FT Energy Income Partners Enhanced Income ETF in the third quarter valued at approximately $1,279,000. Bank of New York Mellon Corp increased its holdings in shares of 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 buying an additional 26,232 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of FT Energy Income Partners Enhanced Income ETF during the first quarter worth $225,000. Allied Private Wealth LLC bought a new position in shares of FT Energy Income Partners Enhanced Income ETF in the 2nd quarter valued at $108,000. Finally, Farther Finance Advisors LLC bought a new position in shares of FT Energy Income Partners Enhanced Income ETF in the 3rd quarter valued at $57,000.
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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