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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) saw a significant increase in short interest in 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 volume of 162,180 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund in the fourth quarter worth $49,000. Advisory Services Network LLC bought a new position in First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter worth $53,000. Jones Financial Companies Lllp bought a new position in First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth $60,000. Ameriflex Group Inc. purchased a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter worth about $100,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 18.2% during the 2nd 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 in the last quarter.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.5%

Shares of NYSE FPF traded up $0.10 during trading hours on Wednesday, hitting $18.48. The company’s stock had a trading volume of 107,251 shares, compared to its average volume of 120,050. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $16.82 and a 12 month high of $19.75. The business has a 50-day simple moving average of $18.43 and a 200-day simple moving average of $18.64.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a $0.1375 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Wednesday, April 1st.

About First Trust Intermediate Duration Preferred & Income Fund

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.