First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Short Interest Up 150.1% in June

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 672,114 shares, a growth of 150.1% from the May 31st total of 268,784 shares. Based on an average daily volume of 1,052,488 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Preferred Securities and Income ETF

Several institutional investors have recently modified their holdings of FPE. Ascentis Independent Advisors acquired a new position in First Trust Preferred Securities and Income ETF during the first quarter worth $29,000. Brown Brothers Harriman & Co. acquired a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at $39,000. Ameriflex Group Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after buying an additional 1,832 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $45,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 42.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock worth $46,000 after buying an additional 752 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.2%

FPE stock traded down $0.04 during trading on Tuesday, reaching $17.88. 1,215,899 shares of the company were exchanged, compared to its average volume of 1,404,031. The stock’s 50 day moving average price is $18.01 and its 200 day moving average price is $18.12. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.