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

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 260,308 shares, a growth of 126.5% from the November 30th total of 114,907 shares. Based on an average trading volume of 253,277 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 253,277 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 147.3% during the third quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock worth $53,000 after purchasing an additional 1,625 shares during the last quarter. Centaurus Financial Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $107,000. Greenwood Capital Associates LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $202,000. Calton & Associates Inc. bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $204,000. Finally, Montis Financial LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at approximately $208,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1%

Shares of FPEI stock opened at $19.40 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.53. The stock has a 50 day moving average of $19.39 and a 200-day moving average of $19.24.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were paid a dividend of $0.0905 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, November 21st.

About First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.