Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Declines By 64.2%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 33,561 shares, a decrease of 64.2% from the July 15th total of 93,836 shares. Based on an average daily volume of 48,394 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

Large investors have recently made changes to their positions in the company. Eastern Bank raised its holdings in FT Energy Income Partners Strategy ETF by 24.7% during the 2nd quarter. Eastern Bank now owns 98,217 shares of the company’s stock worth $3,074,000 after purchasing an additional 19,439 shares during the last quarter. Royal Bank of Canada grew its position in shares of FT Energy Income Partners Strategy ETF by 192.7% during the 1st quarter. Royal Bank of Canada now owns 36,454 shares of the company’s stock worth $1,172,000 after buying an additional 23,998 shares during the period. Modern Wealth Management LLC raised its stake in shares of FT Energy Income Partners Strategy ETF by 8.2% during the first quarter. Modern Wealth Management LLC now owns 34,618 shares of the company’s stock worth $1,103,000 after buying an additional 2,626 shares during the last quarter. AlTi Global Inc. lifted its holdings in FT Energy Income Partners Strategy ETF by 4.8% in the first 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 period. Finally, D.A. Davidson & CO. acquired a new position in FT Energy Income Partners Strategy ETF in the first quarter valued at approximately $271,000.

FT Energy Income Partners Strategy ETF Stock Up 0.9%

EIPX stock traded up $0.30 during trading on Friday, hitting $33.31. The company had a trading volume of 3,497 shares, compared to its average volume of 41,016. The firm has a 50-day moving average price of $31.99 and a 200-day moving average price of $31.61. FT Energy Income Partners Strategy ETF has a 12 month low of $25.38 and a 12 month high of $33.32. The stock has a market cap of $576.26 million, a price-to-earnings ratio of 14.99 and a beta of 0.32.

About FT Energy Income Partners Strategy ETF

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.