FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Sees Significant Decline in Short Interest

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 23,850 shares, a decrease of 58.4% from the September 15th total of 57,377 shares. Based on an average daily volume of 37,437 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of FT Energy Income Partners Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in FT Energy Income Partners Strategy ETF during the 1st quarter worth about $26,000. Van Diest Capital LLC bought a new position in shares of FT Energy Income Partners Strategy ETF during the fourth quarter worth $226,000. Envestnet Asset Management Inc. acquired a new position in FT Energy Income Partners Strategy ETF in the second quarter valued at about $229,000. D.A. Davidson & CO. acquired a new position in shares of FT Energy Income Partners Strategy ETF in the 1st quarter valued at approximately $271,000. Finally, Sigma Planning Corp boosted its holdings in shares of FT Energy Income Partners Strategy ETF by 13.2% in the first quarter. Sigma Planning Corp now owns 15,685 shares of the company’s stock valued at $504,000 after buying an additional 1,835 shares during the period.

FT Energy Income Partners Strategy ETF Trading Up 0.9%

Shares of FT Energy Income Partners Strategy ETF stock traded up $0.28 during mid-day trading on Tuesday, reaching $32.90. 7,608 shares of the stock were exchanged, compared to its average volume of 38,661. FT Energy Income Partners Strategy ETF has a fifty-two week low of $25.38 and a fifty-two week high of $34.09. The firm has a 50-day simple moving average of $32.84 and a 200 day simple moving average of $32.30. The company has a market cap of $575.75 million, a price-to-earnings 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.