First Trust Energy Income & Growth Fund (FEN) Sees Significant Drop in Short Interest
First Trust Energy Income & Growth Fund (NYSE:FEN) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 13,987 shares, a drop of 65.7% from the October 31st total of 40,724 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 76,559 shares, the short-interest ratio is presently 0.2 days.
First Trust Energy Income & Growth Fund (NYSE:FEN) opened at 25.85 on Friday. The stock’s market capitalization is $500.64 million. The firm’s 50-day moving average is $25.37 and its 200 day moving average is $25.27. First Trust Energy Income & Growth Fund has a 12-month low of $15.67 and a 12-month high of $27.25.
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First Trust Energy Income & Growth Fund Company Profile
First Trust Energy Income and Growth Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund seeks to provide its shareholders with a vehicle to invest in a portfolio of securities of energy companies.
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