First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Short Interest Update

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 51,039 shares, a decrease of 51.9% from the August 31st total of 106,186 shares. Based on an average daily volume of 177,879 shares, the short-interest ratio is currently 0.3 days.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.4%

Shares of FPF stock traded up $0.06 during mid-day trading on Tuesday, reaching $16.10. 367,451 shares of the company were exchanged, compared to its average volume of 116,903. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $15.86 and a fifty-two week high of $19.36. The business’s 50 day simple moving average is $17.42 and its 200 day simple moving average is $17.84.

Get First Trust Intermediate Duration Preferred & Income Fund alerts:

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.1375 per share. This represents a $1.65 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Thursday, October 1st.

Institutional Investors Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. raised its stake in First Trust Intermediate Duration Preferred & Income Fund by 0.3% during the 1st quarter. D.A. Davidson & CO. now owns 236,254 shares of the company’s stock valued at $4,165,000 after acquiring an additional 612 shares in the last quarter. PFG Investments LLC grew its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.7% in the first quarter. PFG Investments LLC now owns 41,112 shares of the company’s stock worth $725,000 after purchasing an additional 1,094 shares in the last quarter. Main Street Group LTD acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the first quarter valued at $26,000. Rockefeller Capital Management L.P. increased its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 8.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 20,316 shares of the company’s stock valued at $379,000 after purchasing an additional 1,534 shares during the period. Finally, Silver Oak Securities Incorporated raised its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 12.4% during the first quarter. Silver Oak Securities Incorporated now owns 15,152 shares of the company’s stock valued at $267,000 after purchasing an additional 1,677 shares in the last quarter.

About First Trust Intermediate Duration Preferred & Income Fund

(Get Free Report)

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified, exchange-listed closed-end fund managed by First Trust Advisors L.P. The fund seeks to provide current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt instruments, including corporate bonds and other fixed-income securities. The portfolio is designed to maintain an intermediate level of interest-rate sensitivity while seeking attractive income opportunities across different segments of the preferred and fixed-income markets.

The fund may invest in securities issued by companies and other entities in the United States and international markets.

Read More

• Five stocks we like better than First Trust Intermediate Duration Preferred & Income Fund
• CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
• CoreWeave Comes With Risks: Analysts Split on What Matters Most
• Bottlenecking the Future: TSMC Prices Out the Competition
• Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?

Receive News & Ratings for First Trust Intermediate Duration Preferred & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Intermediate Duration Preferred & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.