FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Stock Short Interest Report for October

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 47,820 shares, an increase of 100.5% from the September 30th total of 23,850 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 17,363 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EIPX. AlTi Global Inc. boosted its stake in FT Energy Income Partners Strategy ETF by 4.8% during the 1st quarter. AlTi Global Inc. now owns 4,637,146 shares of the company’s stock valued at $149,121,000 after purchasing an additional 213,373 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of FT Energy Income Partners Strategy ETF in the first quarter worth $5,182,000. Eastern Bank raised its stake in shares of FT Energy Income Partners Strategy ETF by 24.7% in the second quarter. Eastern Bank now owns 98,217 shares of the company’s stock worth $3,074,000 after purchasing an additional 19,439 shares during the last quarter. HBW Advisory Services LLC raised its stake in shares of FT Energy Income Partners Strategy ETF by 3.2% in the first quarter. HBW Advisory Services LLC now owns 51,215 shares of the company’s stock worth $1,647,000 after purchasing an additional 1,589 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its holdings in shares of FT Energy Income Partners Strategy ETF by 25.5% during the third quarter. Signal Advisors Wealth LLC now owns 40,195 shares of the company’s stock valued at $1,257,000 after purchasing an additional 8,155 shares in the last quarter.

FT Energy Income Partners Strategy ETF Stock Up 0.4%

Shares of NYSEARCA EIPX traded up $0.12 during midday trading on Friday, hitting $34.28. The stock had a trading volume of 7,637 shares, compared to its average volume of 37,606. The business’s 50 day moving average is $32.95 and its 200-day moving average is $31.83. FT Energy Income Partners Strategy ETF has a 52 week low of $25.89 and a 52 week high of $34.37. The company has a market cap of $599.90 million, a P/E ratio of 14.99 and a beta of 0.34.

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.