FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Sees Significant Drop in Short Interest

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 33,561 shares, a decrease of 64.2% from the July 15th total of 93,836 shares. Based on an average daily trading volume, of 48,394 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On FT Energy Income Partners Strategy ETF

Several hedge funds have recently made changes to their positions in EIPX. Fifth Third Bancorp purchased a new position in FT Energy Income Partners Strategy ETF during the 1st quarter worth approximately $26,000. Van Diest Capital LLC purchased a new stake in shares of FT Energy Income Partners Strategy ETF in the fourth quarter valued at $226,000. D.A. Davidson & CO. purchased a new stake in shares of FT Energy Income Partners Strategy ETF in the first quarter valued at $271,000. Jane Street Group LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF in the first quarter worth $324,000. Finally, Royal Bank of Canada boosted its position in shares of FT Energy Income Partners Strategy ETF by 29.7% in the fourth quarter. Royal Bank of Canada now owns 12,456 shares of the company’s stock worth $329,000 after buying an additional 2,851 shares during the period.

FT Energy Income Partners Strategy ETF Trading Up 1.1%

Shares of EIPX traded up $0.37 during midday trading on Friday, hitting $33.38. The stock had a trading volume of 28,876 shares, compared to its average volume of 41,191. The business has a 50-day simple moving average of $32.02 and a two-hundred day simple moving average of $31.62. The firm has a market cap of $577.47 million, a P/E ratio of 14.99 and a beta of 0.32. FT Energy Income Partners Strategy ETF has a fifty-two week low of $25.38 and a fifty-two week high of $33.38.

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.