Short Interest in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Expands By 70.2%

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 302,125 shares, an increase of 70.2% from the July 30th total of 177,462 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 344,308 shares, the short-interest ratio is currently 0.9 days.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1%

Shares of NYSEARCA FPEI traded down $0.02 during midday trading on Monday, reaching $19.00. The company had a trading volume of 739,829 shares, compared to its average volume of 404,106. First Trust Institutional Preferred Securities and Income ETF has a one year low of $18.71 and a one year high of $19.61. The firm’s fifty day moving average price is $19.18 and its 200-day moving average price is $19.23.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 53,221 shares of the company’s stock worth $1,029,000 after acquiring an additional 557 shares during the last quarter. 1776 Wealth LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.5% during the fourth quarter. 1776 Wealth LLC now owns 125,160 shares of the company’s stock valued at $2,427,000 after acquiring an additional 588 shares during the last quarter. FWL Investment Management LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% during the third quarter. FWL Investment Management LLC now owns 73,170 shares of the company’s stock valued at $1,415,000 after acquiring an additional 665 shares during the last quarter. Mariner LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.2% during the fourth quarter. Mariner LLC now owns 32,127 shares of the company’s stock valued at $623,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 33,968 shares of the company’s stock worth $659,000 after purchasing an additional 1,051 shares during the period.

About First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.