FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Sees Significant Decline in Short Interest

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 23,850 shares, a decrease of 58.4% from the September 15th total of 57,377 shares. Based on an average trading volume of 37,437 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

FT Energy Income Partners Strategy ETF Stock Up 0.9%

Shares of NYSEARCA EIPX traded up $0.28 during trading hours on Tuesday, hitting $32.90. The company had a trading volume of 7,608 shares, compared to its average volume of 38,661. The stock has a market capitalization of $575.75 million, a P/E ratio of 14.99 and a beta of 0.34. The firm’s 50 day moving average is $32.84 and its 200-day moving average is $32.30. FT Energy Income Partners Strategy ETF has a 1-year low of $25.38 and a 1-year high of $34.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth approximately $26,000. Envestnet Asset Management Inc. bought a new stake in shares of FT Energy Income Partners Strategy ETF in the second quarter valued at about $229,000. D.A. Davidson & CO. bought a new stake in FT Energy Income Partners Strategy ETF in the 1st quarter valued at about $271,000. Van Diest Capital LLC acquired a new stake in FT Energy Income Partners Strategy ETF during the fourth quarter worth approximately $226,000. Finally, Sigma Planning Corp grew its holdings in shares of FT Energy Income Partners Strategy ETF by 13.2% during the 1st quarter. Sigma Planning Corp now owns 15,685 shares of the company’s stock worth $504,000 after purchasing an additional 1,835 shares in the last quarter.

FT Energy Income Partners Strategy ETF Company Profile

The FT Energy Income Partners Strategy ETF (EIPX) is an exchange-traded fund that mostly invests in energy equity. The fund seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser. EIPX was launched on Nov 2, 2022 and is managed by First Trust.