FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Short Interest Up 1,601.0% in May

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 129,038 shares, a growth of 1,601.0% from the April 30th total of 7,586 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 33,878 shares, the days-to-cover ratio is presently 3.8 days.

FT Energy Income Partners Strategy ETF Stock Performance

Shares of EIPX opened at $32.11 on Thursday. The company’s fifty day moving average is $32.11 and its 200 day moving average is $29.60. FT Energy Income Partners Strategy ETF has a fifty-two week low of $24.75 and a fifty-two week high of $33.09. The stock has a market capitalization of $520.18 million, a PE ratio of 14.99 and a beta of 0.36.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EIPX. Fifth Third Bancorp purchased a new stake in shares of FT Energy Income Partners Strategy ETF during the 1st quarter valued at about $26,000. Marshall Investment Management LLC grew its position in FT Energy Income Partners Strategy ETF by 1.8% in the fourth quarter. Marshall Investment Management LLC now owns 47,651 shares of the company’s stock worth $1,260,000 after acquiring an additional 858 shares in the last quarter. Private Advisor Group LLC increased its stake in FT Energy Income Partners Strategy ETF by 5.5% during the first quarter. Private Advisor Group LLC now owns 18,462 shares of the company’s stock worth $594,000 after acquiring an additional 964 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in FT Energy Income Partners Strategy ETF by 4.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 21,483 shares of the company’s stock worth $568,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in FT Energy Income Partners Strategy ETF by 0.7% during the third quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock valued at $4,463,000 after purchasing an additional 1,233 shares during the period.

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.