FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI – Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 67,607 shares, a decline of 41.6% from the April 15th total of 115,697 shares. Based on an average daily volume of 126,176 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.
FT Energy Income Partners Enhanced Income ETF Trading Up 0.5%
Shares of NYSEARCA EIPI opened at $22.61 on Tuesday. FT Energy Income Partners Enhanced Income ETF has a 12 month low of $19.03 and a 12 month high of $22.85. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.58 and a beta of 0.21. The business has a 50-day moving average of $22.34 and a 200-day moving average of $21.14.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Daytona Street Capital LLC purchased a new position in shares of FT Energy Income Partners Enhanced Income ETF during the fourth quarter worth about $49,000. Farther Finance Advisors LLC lifted its position in FT Energy Income Partners Enhanced Income ETF by 81.9% in the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after purchasing an additional 2,114 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in FT Energy Income Partners Enhanced Income ETF in the first quarter valued at approximately $225,000. Bank of New York Mellon Corp lifted its position in FT Energy Income Partners Enhanced Income ETF by 173.7% in the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock valued at $930,000 after purchasing an additional 26,232 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted 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 purchasing an additional 16,805 shares during 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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