FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Sees Large Decline in Short Interest

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 67,607 shares, a decline of 41.6% from the April 15th total of 115,697 shares. Based on an average trading volume of 126,176 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of FT Energy Income Partners Enhanced Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of EIPI. Bank of New York Mellon Corp raised its stake in 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 valued at $930,000 after buying an additional 26,232 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in FT Energy Income Partners Enhanced Income ETF by 21.1% during the third quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock valued at $1,911,000 after buying an additional 16,805 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in FT Energy Income Partners Enhanced Income ETF during the first quarter valued at approximately $225,000. Daytona Street Capital LLC acquired a new stake in FT Energy Income Partners Enhanced Income ETF during the fourth quarter valued at approximately $49,000. Finally, Farther Finance Advisors LLC raised its stake in FT Energy Income Partners Enhanced Income ETF by 81.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after buying an additional 2,114 shares in the last quarter.

FT Energy Income Partners Enhanced Income ETF Trading Up 0.5%

NYSEARCA EIPI traded up $0.12 on Monday, hitting $22.61. 52,272 shares of the stock traded hands, compared to its average volume of 103,027. The stock has a 50-day moving average of $22.34 and a 200 day moving average of $21.14. FT Energy Income Partners Enhanced Income ETF has a twelve month low of $19.03 and a twelve month high of $22.85. The company has a market capitalization of $1.08 billion, a P/E ratio of 16.58 and a beta of 0.21.

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.