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

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 115,176 shares, a growth of 1,073.9% from the August 15th total of 9,811 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 77,170 shares, the short-interest ratio is presently 1.5 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Allied Private Wealth LLC bought a new position in FT Energy Income Partners Enhanced Income ETF in the second quarter worth about $108,000. Nations Financial Group Inc. IA ADV bought a new position in shares of FT Energy Income Partners Enhanced Income ETF during the first quarter valued at approximately $225,000. Brown Brothers Harriman & Co. raised its position in shares of FT Energy Income Partners Enhanced Income ETF by 21.1% during the 3rd 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 period. Finally, Bank of New York Mellon Corp raised its position in shares of FT Energy Income Partners Enhanced Income ETF by 173.7% during 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 during the period.

FT Energy Income Partners Enhanced Income ETF Stock Performance

Shares of FT Energy Income Partners Enhanced Income ETF stock traded down $0.06 during trading hours on Friday, reaching $22.68. The company’s stock had a trading volume of 77,897 shares, compared to its average volume of 97,384. The company’s 50 day simple moving average is $22.50 and its 200 day simple moving average is $22.33. FT Energy Income Partners Enhanced Income ETF has a one year low of $19.37 and a one year high of $23.08. The stock has a market cap of $1.11 billion, a P/E ratio of 16.58 and a beta of 0.13.

About FT Energy Income Partners Enhanced Income ETF

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.