First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Down 62.4% in December

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 97,754 shares, a drop of 62.4% from the December 15th total of 260,308 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 339,656 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 339,656 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.2%

Shares of First Trust Institutional Preferred Securities and Income ETF stock traded down $0.04 on Thursday, hitting $19.47. 284,076 shares of the company traded hands, compared to its average volume of 405,468. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.81 and a 12-month high of $19.53. The company has a 50-day moving average price of $19.40 and a 200 day moving average price of $19.28.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a $0.0905 dividend. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 5.6%.

Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF

Several institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 147.3% in the third quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock worth $53,000 after buying an additional 1,625 shares during the last quarter. Centaurus Financial Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth approximately $107,000. Calton & Associates Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $204,000. Greenwood Capital Associates LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth $202,000. Finally, Montis Financial LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at $208,000.

About First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.