Short Interest in First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) Increases By 732.7%

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 81,600 shares, an increase of 732.7% from the September 15th total of 9,800 shares. Based on an average daily volume of 85,900 shares, the days-to-cover ratio is presently 0.9 days.

Several hedge funds and other institutional investors have recently made changes to their positions in FPL. Samalin Investment Counsel LLC purchased a new position in shares of First Trust New Opportunities MLP & Energy Fund in the second quarter valued at $44,000. Commonwealth Equity Services LLC bought a new stake in First Trust New Opportunities MLP & Energy Fund during the second quarter valued at $61,000. Merit Financial Group LLC bought a new stake in First Trust New Opportunities MLP & Energy Fund during the first quarter valued at $93,000. Virtu Financial LLC bought a new stake in First Trust New Opportunities MLP & Energy Fund during the second quarter valued at $102,000. Finally, Nottingham Advisors Inc. boosted its stake in First Trust New Opportunities MLP & Energy Fund by 90.9% during the second quarter. Nottingham Advisors Inc. now owns 21,000 shares of the investment management company’s stock valued at $124,000 after buying an additional 10,000 shares during the period.

Shares of NYSE FPL opened at $5.87 on Thursday. First Trust New Opportunities MLP & Energy Fund has a fifty-two week low of $3.55 and a fifty-two week high of $6.26. The stock has a fifty day moving average of $5.70 and a 200-day moving average of $5.70.

The business also recently declared a monthly dividend, which will be paid on Friday, October 15th. Stockholders of record on Monday, October 4th will be given a $0.0375 dividend. This represents a $0.45 annualized dividend and a dividend yield of 7.67%. The ex-dividend date of this dividend is Friday, October 1st.

First Trust New Opportunities MLP & Energy Fund Company Profile

First Trust New Opportunities MLP & Energy Fund is a closed-end investment fund. It engages in seeking a high level of total return with an emphasis on current distributions paid to common shareholders. The company was founded on October 15, 2013 and is headquartered in Wheaton, IL.

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