Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Declines By 71.3%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 37,054 shares, a decrease of 71.3% from the May 14th total of 129,038 shares. Based on an average daily volume of 44,049 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

FT Energy Income Partners Strategy ETF Trading Up 0.8%

EIPX stock traded up $0.25 during mid-day trading on Friday, hitting $32.08. The stock had a trading volume of 11,080 shares, compared to its average volume of 40,504. FT Energy Income Partners Strategy ETF has a 1-year low of $25.38 and a 1-year high of $33.09. The company has a fifty day moving average of $32.06 and a 200 day moving average of $30.01. The stock has a market capitalization of $519.70 million, a price-to-earnings ratio of 14.99 and a beta of 0.32.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter valued at about $26,000. Van Diest Capital LLC acquired a new position in shares of FT Energy Income Partners Strategy ETF during the 4th quarter valued at about $226,000. D.A. Davidson & CO. acquired a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter valued at about $271,000. Jane Street Group LLC acquired a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter valued at about $324,000. Finally, Royal Bank of Canada increased its holdings in shares of FT Energy Income Partners Strategy ETF by 29.7% during the 4th quarter. Royal Bank of Canada now owns 12,456 shares of the company’s stock valued at $329,000 after acquiring an additional 2,851 shares during the last quarter.

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.