First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 99,451 shares, an increase of 90.2% from the June 30th total of 52,299 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 304,214 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $29,000. Arax Advisory Partners acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $36,000. Colonial Trust Co SC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% in the 4th quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $37,000 after buying an additional 1,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $84,000. Finally, Capital Investment Advisory Services LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after acquiring an additional 4,222 shares during the period.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
Shares of FPEI stock opened at $19.08 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.71 and a 12 month high of $19.61. The stock has a 50 day moving average of $19.23 and a two-hundred day moving average of $19.28.
About First Trust Institutional Preferred Securities and Income ETF
The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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