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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 8,000 shares, a decline of 80.0% from the December 31st total of 40,000 shares. Based on an average daily trading volume, of 146,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

A number of large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter valued at $35,000. Garden State Investment Advisory Services LLC acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter valued at $203,000. Ballentine Partners LLC purchased a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the fourth quarter worth about $199,000. Harmony Asset Management LLC acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at approximately $221,000. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund during the 2nd quarter worth $227,000.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of First Trust Intermediate Duration Preferred & Income Fund stock traded down $0.05 on Wednesday, hitting $18.50. The company’s stock had a trading volume of 107,762 shares, compared to its average volume of 137,298. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $16.50 and a 52-week high of $19.74. The firm has a fifty day moving average price of $18.41 and a 200-day moving average price of $18.64.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.65 annualized dividend and a dividend yield of 8.92%.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.