FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Shares Shorted: Short Interest Down 55.4% in September

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 49,864 shares, a drop of 55.4% from the September 15th total of 111,820 shares. Based on an average daily volume of 79,851 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in EIPI. GAMMA Investing LLC acquired a new position in FT Energy Income Partners Enhanced Income ETF during the third quarter worth $36,000. Farther Finance Advisors LLC acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the third quarter valued at about $57,000. Allied Private Wealth LLC acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the second quarter valued at about $108,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the first quarter valued at about $225,000. Finally, Bank of New York Mellon Corp increased its stake in shares of FT Energy Income Partners Enhanced Income ETF by 173.7% during the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after purchasing an additional 26,232 shares in the last quarter.

FT Energy Income Partners Enhanced Income ETF Stock Up 0.5%

Shares of FT Energy Income Partners Enhanced Income ETF stock traded up $0.12 on Tuesday, reaching $22.30. The company’s stock had a trading volume of 82,247 shares, compared to its average volume of 95,171. The company has a market capitalization of $1.09 billion, a P/E ratio of 16.58 and a beta of 0.17. The stock has a 50-day moving average price of $22.35 and a 200-day moving average price of $22.28. FT Energy Income Partners Enhanced Income ETF has a 52-week low of $19.37 and a 52-week high of $23.08.

FT Energy Income Partners Enhanced Income ETF Company Profile

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.