FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Short Interest Update

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 67,607 shares, a decline of 41.6% from the April 15th total of 115,697 shares. Based on an average daily trading volume, of 126,176 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Daytona Street Capital LLC acquired a new position in shares of FT Energy Income Partners Enhanced Income ETF in the 4th quarter valued at about $49,000. Farther Finance Advisors LLC lifted its position in FT Energy Income Partners Enhanced Income ETF by 81.9% in the 4th quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after purchasing an additional 2,114 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in FT Energy Income Partners Enhanced Income ETF in the 1st quarter valued at about $225,000. Bank of New York Mellon Corp lifted its position in FT Energy Income Partners Enhanced Income ETF by 173.7% in the 1st quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock valued at $930,000 after purchasing an additional 26,232 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in FT Energy Income Partners Enhanced Income ETF by 21.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock valued at $1,911,000 after purchasing an additional 16,805 shares during the last quarter.

FT Energy Income Partners Enhanced Income ETF Stock Performance

Shares of NYSEARCA EIPI traded down $0.01 during midday trading on Friday, hitting $22.49. The company’s stock had a trading volume of 74,260 shares, compared to its average volume of 103,574. FT Energy Income Partners Enhanced Income ETF has a 1-year low of $19.03 and a 1-year high of $22.85. The firm’s fifty day moving average price is $22.33 and its 200-day moving average price is $21.12. The firm has a market cap of $1.07 billion, a P/E ratio of 16.58 and a beta of 0.21.

About FT Energy Income Partners Enhanced Income ETF

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.