FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Sees Significant Growth in Short Interest

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 143,411 shares, an increase of 112.1% from the April 30th total of 67,607 shares. Based on an average daily volume of 70,904 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of FT Energy Income Partners Enhanced Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in FT Energy Income Partners Enhanced Income ETF by 173.7% during 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. Nations Financial Group Inc. IA ADV acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the first quarter worth approximately $225,000. Farther Finance Advisors LLC increased its position in shares of FT Energy Income Partners Enhanced Income ETF by 81.9% in the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock worth $93,000 after acquiring an additional 2,114 shares in the last quarter. Daytona Street Capital LLC acquired a new position in FT Energy Income Partners Enhanced Income ETF in the 4th quarter worth $49,000. Finally, Brown Brothers Harriman & Co. grew its stake in FT Energy Income Partners Enhanced Income ETF by 21.1% in the third quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after purchasing an additional 16,805 shares in the last quarter.

FT Energy Income Partners Enhanced Income ETF Stock Up 1.3%

Shares of NYSEARCA EIPI traded up $0.29 during midday trading on Tuesday, reaching $22.11. 59,489 shares of the stock were exchanged, compared to its average volume of 100,757. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 16.58 and a beta of 0.21. The firm has a 50-day simple moving average of $22.38 and a two-hundred day simple moving average of $21.34. FT Energy Income Partners Enhanced Income ETF has a twelve month low of $19.32 and a twelve month high of $22.96.

FT Energy Income Partners Enhanced Income ETF Company Profile

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.