FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Shares Shorted: Short Interest Down 55.4% in September

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 49,864 shares, a decline of 55.4% from the September 15th total of 111,820 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 79,851 shares, the days-to-cover ratio is currently 0.6 days.

FT Energy Income Partners Enhanced Income ETF Stock Performance

Shares of EIPI traded up $0.12 during trading hours on Tuesday, hitting $22.30. The stock had a trading volume of 82,247 shares, compared to its average volume of 95,171. The firm has a 50-day moving average price of $22.35 and a 200 day moving average price of $22.28. FT Energy Income Partners Enhanced Income ETF has a fifty-two week low of $19.37 and a fifty-two week high of $23.08. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.58 and a beta of 0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of FT Energy Income Partners Enhanced Income ETF in the third quarter worth about $36,000. Farther Finance Advisors LLC acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the 3rd quarter valued at about $57,000. CoreCap Advisors LLC acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the 3rd quarter valued at about $1,279,000. Allied Private Wealth LLC purchased a new position in shares of FT Energy Income Partners Enhanced Income ETF in the 2nd quarter valued at about $108,000. Finally, Bank of New York Mellon Corp increased its stake in shares of FT Energy Income Partners Enhanced Income ETF by 173.7% in the 1st quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock valued at $930,000 after purchasing an additional 26,232 shares in the last quarter.

FT Energy Income Partners Enhanced Income ETF Company Profile

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.