Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Decreases By 64.2%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 33,561 shares, a decline of 64.2% from the July 15th total of 93,836 shares. Based on an average trading volume of 48,394 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

FT Energy Income Partners Strategy ETF Stock Up 1.1%

Shares of EIPX stock traded up $0.37 during trading on Friday, reaching $33.38. 28,876 shares of the company’s stock were exchanged, compared to its average volume of 41,191. The stock has a market capitalization of $577.47 million, a PE ratio of 14.99 and a beta of 0.32. FT Energy Income Partners Strategy ETF has a twelve month low of $25.38 and a twelve month high of $33.38. The firm’s fifty day moving average price is $32.02 and its 200-day moving average price is $31.62.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EIPX. Fifth Third Bancorp acquired a new stake in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth about $26,000. D.A. Davidson & CO. acquired a new position in FT Energy Income Partners Strategy ETF in the 1st quarter valued at about $271,000. Van Diest Capital LLC bought a new position in FT Energy Income Partners Strategy ETF in the 4th quarter valued at about $226,000. Jane Street Group LLC bought a new position in FT Energy Income Partners Strategy ETF in the 1st quarter valued at about $324,000. Finally, Royal Bank of Canada lifted its position in FT Energy Income Partners Strategy ETF by 29.7% during the fourth quarter. Royal Bank of Canada now owns 12,456 shares of the company’s stock worth $329,000 after acquiring an additional 2,851 shares during the last quarter.

About FT Energy Income Partners Strategy ETF

The FT Energy Income Partners Strategy ETF (EIPX) is an exchange-traded fund that mostly invests in energy equity. The fund seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser. EIPX was launched on Nov 2, 2022 and is managed by First Trust.