First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) Short Interest Up 88.5% in January

First Trust New Opportunities MLP & Energy Fund (NYSE:FPLGet Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 9,800 shares, a growth of 88.5% from the January 15th total of 5,200 shares. Based on an average daily volume of 53,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust New Opportunities MLP & Energy Fund

A number of hedge funds have recently bought and sold shares of the business. Atria Wealth Solutions Inc. increased its position in shares of First Trust New Opportunities MLP & Energy Fund by 20.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 13,781 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 2,295 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of First Trust New Opportunities MLP & Energy Fund by 5.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 64,000 shares of the investment management company’s stock valued at $387,000 after purchasing an additional 3,500 shares during the last quarter. Raymond James & Associates increased its position in shares of First Trust New Opportunities MLP & Energy Fund by 2.2% during the 1st quarter. Raymond James & Associates now owns 161,592 shares of the investment management company’s stock valued at $1,020,000 after purchasing an additional 3,548 shares during the last quarter. UBS Group AG increased its position in shares of First Trust New Opportunities MLP & Energy Fund by 10.7% during the 4th quarter. UBS Group AG now owns 42,465 shares of the investment management company’s stock valued at $257,000 after purchasing an additional 4,107 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of First Trust New Opportunities MLP & Energy Fund by 10.2% during the 3rd quarter. Royal Bank of Canada now owns 56,922 shares of the investment management company’s stock valued at $312,000 after purchasing an additional 5,257 shares during the last quarter.

First Trust New Opportunities MLP & Energy Fund Stock Up 1.2 %

Shares of FPL traded up $0.08 during midday trading on Monday, hitting $6.83. 54,388 shares of the company traded hands, compared to its average volume of 59,372. The firm has a 50 day moving average of $6.86 and a 200-day moving average of $6.61. First Trust New Opportunities MLP & Energy Fund has a 52 week low of $5.16 and a 52 week high of $7.16.

First Trust New Opportunities MLP & Energy Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be issued a $0.038 dividend. The ex-dividend date of this dividend is Friday, March 1st. This is a positive change from First Trust New Opportunities MLP & Energy Fund’s previous monthly dividend of $0.04. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.68%. First Trust New Opportunities MLP & Energy Fund’s dividend payout ratio (DPR) is 10.16%.

About First Trust New Opportunities MLP & Energy Fund

(Get Free Report)

First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors.

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