First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Short Interest Update

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 309,447 shares, a decrease of 54.0% from the June 15th total of 672,114 shares. Based on an average daily trading volume, of 1,038,473 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FPE. World Investment Advisors bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $526,000. Econ Financial Services Corp bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $2,129,000. Juno Financial Group LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $5,561,000. Appleton Partners Inc. MA boosted its position in shares of First Trust Preferred Securities and Income ETF by 26.5% during the fourth quarter. Appleton Partners Inc. MA now owns 203,925 shares of the company’s stock valued at $3,716,000 after buying an additional 42,681 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in shares of First Trust Preferred Securities and Income ETF by 17.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock valued at $7,788,000 after buying an additional 62,762 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

Shares of First Trust Preferred Securities and Income ETF stock traded up $0.02 on Wednesday, hitting $17.95. 771,351 shares of the company’s stock were exchanged, compared to its average volume of 1,368,446. The company has a 50-day simple moving average of $17.97 and a 200-day simple moving average of $18.10. First Trust Preferred Securities and Income ETF has a 1 year low of $17.54 and a 1 year high of $18.51.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.