FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Stock Short Interest Rises 103.3%

by · The Markets Daily

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 101,359 shares, a growth of 103.3% from the September 30th total of 49,864 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 75,368 shares, the short-interest ratio is currently 1.3 days.

FT Energy Income Partners Enhanced Income ETF Stock Performance

Shares of NYSEARCA:EIPI traded up $0.04 during trading hours on Friday, hitting $23.00. 98,810 shares of the company’s stock traded hands, compared to its average volume of 92,707. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 16.58 and a beta of 0.17. The company’s fifty day simple moving average is $22.33 and its two-hundred day simple moving average is $22.13. FT Energy Income Partners Enhanced Income ETF has a 52 week low of $19.37 and a 52 week high of $23.08.

Institutional Investors Weigh In On FT Energy Income Partners Enhanced Income ETF

Large investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC bought a new stake in FT Energy Income Partners Enhanced Income ETF in the third quarter worth approximately $1,806,000. CoreCap Advisors LLC purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the third quarter worth about $1,279,000. 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 worth $930,000 after acquiring an additional 26,232 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of FT Energy Income Partners Enhanced Income ETF during the second quarter valued at $108,000. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the third quarter worth $58,000.

FT Energy Income Partners Enhanced Income ETF Company Profile

(Get Free Report)

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.

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