First Trust MLP and Energy Income Fund (NYSE:FEI – Get Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 17,000 shares, a growth of 794.7% from the April 30th total of 1,900 shares. Based on an average daily volume of 116,500 shares, the days-to-cover ratio is presently 0.1 days.
First Trust MLP and Energy Income Fund Stock Down 1.8 %
Shares of FEI stock opened at $7.46 on Friday. First Trust MLP and Energy Income Fund has a 52 week low of $7.02 and a 52 week high of $8.73. The firm has a 50 day moving average of $7.59 and a 200-day moving average of $7.82.
First Trust MLP and Energy Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, July 17th. Stockholders of record on Wednesday, July 5th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.04%. The ex-dividend date of this dividend is Monday, July 3rd.
Institutional Trading of First Trust MLP and Energy Income Fund
First Trust MLP and Energy Income Fund Company Profile
First Trust MLP & Energy Income Fund is a non-diversified, closed-end management investment company, which invests in a portfolio of cash-generating securities, publicly traded master limited partnerships, and MLP-related entities in the energy sector and energy utility industries. It has an objective of seeking a level of total return with an emphasis on current distributions paid to common shareholders.
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