First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Short Interest Update

by · The Cerbat Gem

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 79,143 shares, an increase of 60.9% from the March 15th total of 49,186 shares. Based on an average daily trading volume, of 162,180 shares, the short-interest ratio is presently 0.5 days.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.2%

Shares of NYSE:FPF traded up $0.04 during midday trading on Monday, reaching $18.17. The company had a trading volume of 67,123 shares, compared to its average volume of 120,087. The stock’s fifty day moving average price is $18.44 and its 200-day moving average price is $18.65. First Trust Intermediate Duration Preferred & Income Fund has a one year low of $16.65 and a one year high of $19.75.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.1375 per share. The ex-dividend date is Wednesday, April 1st. This represents a c) annualized dividend and a yield of 9.1%.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

Several institutional investors have recently added to or reduced their stakes in FPF. Jones Financial Companies Lllp bought a new stake in First Trust Intermediate Duration Preferred & Income Fund during the first quarter valued at $60,000. Invesco Ltd. increased its stake in First Trust Intermediate Duration Preferred & Income Fund by 17.3% during the second quarter. Invesco Ltd. now owns 773,685 shares of the company’s stock valued at $14,561,000 after purchasing an additional 114,174 shares during the last quarter. NewEdge Advisors LLC increased its stake in First Trust Intermediate Duration Preferred & Income Fund by 59.3% during the second quarter. NewEdge Advisors LLC now owns 94,040 shares of the company’s stock valued at $1,770,000 after purchasing an additional 35,004 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in First Trust Intermediate Duration Preferred & Income Fund by 18.2% during the second quarter. Geneos Wealth Management Inc. now owns 6,928 shares of the company’s stock valued at $130,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in First Trust Intermediate Duration Preferred & Income Fund by 1.5% during the second quarter. Osaic Holdings Inc. now owns 141,668 shares of the company’s stock valued at $2,666,000 after purchasing an additional 2,083 shares during the last quarter.

About First Trust Intermediate Duration Preferred & Income Fund

(Get Free Report)

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.

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