Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Expands By 256.9%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large growth in short interest in the month of 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. Based on an average trading volume of 70,995 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are sold short.

FT Energy Income Partners Strategy ETF Stock Performance

EIPX traded down $0.05 during trading hours on Friday, reaching $32.78. The company’s stock had a trading volume of 101,638 shares, compared to its average volume of 42,009. FT Energy Income Partners Strategy ETF has a 52 week low of $25.38 and a 52 week high of $33.24. The company’s 50-day moving average is $31.95 and its 200-day moving average is $31.07. The firm has a market cap of $558.90 million, a PE ratio of 14.99 and a beta of 0.32.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AlTi Global Inc. lifted its stake in shares of 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 worth $149,121,000 after buying an additional 213,373 shares during the last quarter. Cerity Partners OCIO LLC grew its stake in FT Energy Income Partners Strategy ETF by 0.3% in the 4th quarter. Cerity Partners OCIO LLC now owns 2,370,562 shares of the company’s stock valued at $62,678,000 after buying an additional 7,675 shares during the last quarter. Raymond James Financial Inc. raised its holdings in FT Energy Income Partners Strategy ETF by 0.7% in the 3rd quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock valued at $4,463,000 after acquiring an additional 1,233 shares during the period. Elevation Point Wealth Partners LLC bought a new position in FT Energy Income Partners Strategy ETF in the 1st quarter valued at about $5,182,000. Finally, Stifel Financial Corp lifted its position in FT Energy Income Partners Strategy ETF by 3.5% during the fourth quarter. Stifel Financial Corp now owns 154,248 shares of the company’s stock worth $4,078,000 after acquiring an additional 5,174 shares during the last quarter.

FT Energy Income Partners Strategy ETF Company Profile

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.