Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Decreases By 39.7%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 26,292 shares, a drop of 39.7% from the June 15th total of 43,584 shares. Based on an average trading volume of 31,417 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

FT Energy Income Partners Strategy ETF Trading Up 0.8%

NYSEARCA:EIPX traded up $0.27 on Thursday, hitting $32.28. 1,475 shares of the company’s stock traded hands, compared to its average volume of 41,802. The company has a market cap of $550.37 million, a PE ratio of 14.99 and a beta of 0.32. FT Energy Income Partners Strategy ETF has a 1 year low of $25.38 and a 1 year high of $33.09. The firm has a 50-day moving average price of $31.89 and a 200-day moving average price of $30.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. AlTi Global Inc. lifted its holdings in shares of FT Energy Income Partners Strategy ETF by 4.8% during the 1st quarter. AlTi Global Inc. now owns 4,637,146 shares of the company’s stock valued at $149,121,000 after buying an additional 213,373 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in FT Energy Income Partners Strategy ETF in the first quarter worth approximately $5,182,000. Eastern Bank acquired a new position in FT Energy Income Partners Strategy ETF in the fourth quarter worth approximately $2,666,000. Arax Advisory Partners bought a new position in FT Energy Income Partners Strategy ETF during the fourth quarter valued at approximately $1,815,000. Finally, HBW Advisory Services LLC raised its position in FT Energy Income Partners Strategy ETF by 526.1% during the fourth quarter. HBW Advisory Services LLC now owns 49,626 shares of the company’s stock valued at $1,312,000 after acquiring an additional 41,700 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.