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

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 66,097 shares, a drop of 50.2% from the May 31st total of 132,648 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 76,032 shares, the days-to-cover ratio is presently 0.9 days.

FT Energy Income Partners Enhanced Income ETF Stock Performance

Shares of FT Energy Income Partners Enhanced Income ETF stock traded up $0.31 on Thursday, reaching $21.91. The company had a trading volume of 66,412 shares, compared to its average volume of 98,826. The firm’s 50 day moving average price is $22.19 and its two-hundred day moving average price is $21.63. The firm has a market cap of $1.05 billion, a PE ratio of 16.58 and a beta of 0.14. FT Energy Income Partners Enhanced Income ETF has a 52-week low of $19.37 and a 52-week high of $22.96.

Institutional Investors Weigh In On FT Energy Income Partners Enhanced Income ETF

Several large investors have recently bought and sold shares of the stock. Daytona Street Capital LLC purchased 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 raised its holdings in FT Energy Income Partners Enhanced Income ETF by 81.9% in the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after acquiring an additional 2,114 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in FT Energy Income Partners Enhanced Income ETF in the first quarter valued at approximately $225,000. Bank of New York Mellon Corp lifted its stake in FT Energy Income Partners Enhanced Income ETF by 173.7% in the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after acquiring an additional 26,232 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in FT Energy Income Partners Enhanced Income ETF by 21.1% in the third quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after acquiring an additional 16,805 shares during the last quarter.

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.