FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Short Interest Update

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 66,097 shares, a decline of 50.2% from the May 31st total of 132,648 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 76,032 shares, the days-to-cover ratio is presently 0.9 days.

FT Energy Income Partners Enhanced Income ETF Stock Performance

Shares of NYSEARCA:EIPI traded down $0.02 during midday trading on Tuesday, reaching $21.95. The company’s stock had a trading volume of 37,616 shares, compared to its average volume of 98,822. FT Energy Income Partners Enhanced Income ETF has a fifty-two week low of $19.37 and a fifty-two week high of $22.96. The firm has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $21.60. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.58 and a beta of 0.13.

Institutional Investors Weigh In On FT Energy Income Partners Enhanced Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EIPI. Brown Brothers Harriman & Co. raised its stake in shares of FT Energy Income Partners Enhanced Income ETF by 21.1% in the third quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after purchasing an additional 16,805 shares during the last quarter. Bank of New York Mellon Corp grew its position in FT Energy Income Partners Enhanced Income ETF by 173.7% in the 1st quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after purchasing an additional 26,232 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the first quarter valued at approximately $225,000. Farther Finance Advisors LLC increased its position in shares of FT Energy Income Partners Enhanced Income ETF by 81.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after purchasing an additional 2,114 shares during the last quarter. Finally, Daytona Street Capital LLC purchased a new stake in FT Energy Income Partners Enhanced Income ETF during the fourth quarter worth about $49,000.

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.