FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Short Interest Update

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 93,836 shares, a growth of 256.9% from the June 30th total of 26,292 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 70,995 shares, the short-interest ratio is currently 1.3 days.

FT Energy Income Partners Strategy ETF Stock Performance

Shares of NYSEARCA EIPX traded down $0.38 during mid-day trading on Monday, reaching $32.40. 21,886 shares of the company traded hands, compared to its average volume of 41,864. FT Energy Income Partners Strategy ETF has a fifty-two week low of $25.38 and a fifty-two week high of $33.24. The company’s fifty day moving average is $31.95 and its two-hundred day moving average is $31.10. The stock has a market cap of $552.42 million, a PE ratio of 14.99 and a beta of 0.32.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Eastern Bank increased its position in FT Energy Income Partners Strategy ETF by 24.7% during the second quarter. Eastern Bank now owns 98,217 shares of the company’s stock worth $3,074,000 after acquiring an additional 19,439 shares during the period. Royal Bank of Canada grew its holdings in shares of FT Energy Income Partners Strategy ETF by 192.7% in the 1st quarter. Royal Bank of Canada now owns 36,454 shares of the company’s stock worth $1,172,000 after purchasing an additional 23,998 shares during the last quarter. Modern Wealth Management LLC increased its holdings in shares of FT Energy Income Partners Strategy ETF by 8.2% during the first quarter. Modern Wealth Management LLC now owns 34,618 shares of the company’s stock worth $1,103,000 after buying an additional 2,626 shares in the last quarter. AlTi Global Inc. increased its holdings in FT Energy Income Partners Strategy ETF by 4.8% during the 1st quarter. AlTi Global Inc. now owns 4,637,146 shares of the company’s stock valued at $149,121,000 after purchasing an additional 213,373 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of FT Energy Income Partners Strategy ETF in the first quarter valued at $271,000.

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.