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

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 52,299 shares, a decrease of 61.2% from the June 15th total of 134,889 shares. Based on an average trading volume of 296,417 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $29,000. Arax Advisory Partners bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $36,000. Colonial Trust Co SC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% during the fourth quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $37,000 after acquiring an additional 1,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $84,000. Finally, Capital Investment Advisory Services LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 1,876.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after acquiring an additional 4,222 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPEI traded up $0.01 on Wednesday, hitting $19.26. 211,316 shares of the company traded hands, compared to its average volume of 399,173. The stock has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $19.31. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.71 and a 52 week high of $19.61.

About First Trust Institutional Preferred Securities and Income ETF

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.