Short Interest in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Rises By 70.2%

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 302,125 shares, an increase of 70.2% from the July 30th total of 177,462 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 344,308 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth about $29,000. Arax Advisory Partners bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $36,000. Colonial Trust Co SC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% in the 4th quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $37,000 after buying an additional 1,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $84,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $88,000.

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

FPEI stock traded down $0.03 during midday trading on Tuesday, reaching $18.97. The company had a trading volume of 160,852 shares, compared to its average volume of 402,596. The company has a 50 day moving average of $19.18 and a two-hundred day moving average of $19.23. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.71 and a 1 year 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.