FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,997 shares, a drop of 81.6% from the July 15th total of 59,744 shares. Based on an average daily volume of 169,811 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.
Hedge Funds Weigh In On FT Energy Income Partners Enhanced Income ETF
Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position 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 purchasing an additional 26,232 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in FT Energy Income Partners Enhanced Income ETF by 21.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after buying an additional 16,805 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in shares of FT Energy Income Partners Enhanced Income ETF in the first quarter worth $225,000. Allied Private Wealth LLC acquired a new position in shares of FT Energy Income Partners Enhanced Income ETF in the second quarter worth $108,000. Finally, Farther Finance Advisors LLC increased its position in shares of FT Energy Income Partners Enhanced Income ETF by 81.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock worth $93,000 after acquiring an additional 2,114 shares during the period.
FT Energy Income Partners Enhanced Income ETF Stock Up 1.1%
NYSEARCA:EIPI traded up $0.24 during trading hours on Friday, reaching $22.84. 76,233 shares of the stock were exchanged, compared to its average volume of 100,609. FT Energy Income Partners Enhanced Income ETF has a twelve month low of $19.37 and a twelve month high of $22.96. The business has a 50-day moving average of $22.15 and a two-hundred day moving average of $22.13. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 16.58 and a beta of 0.13.
FT Energy Income Partners Enhanced Income ETF Company Profile
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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