First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Significant Growth in Short Interest

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 152,819 shares, an increase of 126.9% from the May 14th total of 67,364 shares. Based on an average daily volume of 388,259 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Institutional Preferred Securities and Income ETF Price Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.25 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.71 and a 1-year high of $19.61. The business has a fifty day moving average price of $19.22 and a 200-day moving average price of $19.32.

Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF

Several institutional investors have recently added to or reduced their stakes in FPEI. Kestra Private Wealth Services LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% during the third quarter. Kestra Private Wealth Services LLC now owns 53,221 shares of the company’s stock valued at $1,029,000 after acquiring an additional 557 shares in the last quarter. 1776 Wealth LLC boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 0.5% in the 4th quarter. 1776 Wealth LLC now owns 125,160 shares of the company’s stock worth $2,427,000 after purchasing an additional 588 shares in the last quarter. FWL Investment Management LLC boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 3rd quarter. FWL Investment Management LLC now owns 73,170 shares of the company’s stock worth $1,415,000 after purchasing an additional 665 shares in the last quarter. Silver Oak Securities Incorporated grew its position in First Trust Institutional Preferred Securities and Income ETF by 1.3% during the 4th quarter. Silver Oak Securities Incorporated now owns 53,901 shares of the company’s stock worth $1,045,000 after purchasing an additional 676 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 1.9% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 40,762 shares of the company’s stock worth $788,000 after purchasing an additional 742 shares during the last quarter.

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.