First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Update

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 139,624 shares, a decrease of 35.2% from the March 15th total of 215,413 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 591,601 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Institutional Preferred Securities and Income ETF

Hedge funds have recently made changes to their positions in the company. Park National Corp OH grew its position in First Trust Institutional Preferred Securities and Income ETF by 18.2% during the 1st quarter. Park National Corp OH now owns 135,835 shares of the company’s stock worth $2,581,000 after purchasing an additional 20,895 shares during the period. Rockefeller Capital Management L.P. grew its position in First Trust Institutional Preferred Securities and Income ETF by 19.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 235,810 shares of the company’s stock worth $4,572,000 after purchasing an additional 37,726 shares during the period. Plotkin Financial Advisors LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 19.3% during the 4th quarter. Plotkin Financial Advisors LLC now owns 44,601 shares of the company’s stock worth $865,000 after purchasing an additional 7,226 shares during the period. Mercer Global Advisors Inc. ADV grew its position in First Trust Institutional Preferred Securities and Income ETF by 63.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,926 shares of the company’s stock worth $348,000 after purchasing an additional 6,966 shares during the period. Finally, NewEdge Advisors LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 1.7% during the 4th quarter. NewEdge Advisors LLC now owns 2,521,541 shares of the company’s stock worth $48,893,000 after purchasing an additional 42,608 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock traded down $0.02 during trading hours on Thursday, reaching $19.24. 569,083 shares of the company’s stock were exchanged, compared to its average volume of 444,241. The stock’s 50 day moving average is $19.29 and its 200-day moving average is $19.37. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.17 and a fifty-two week high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.