First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Shorted: Short Interest Up 52.6% in September

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 392,514 shares, a growth of 52.6% from the August 31st total of 257,164 shares. Based on an average daily volume of 1,134,783 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust Preferred Securities and Income ETF Stock Up 0.1%

FPE stock opened at $17.07 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.96 and a 1 year high of $18.51. The stock’s 50 day moving average price is $17.61 and its 200 day moving average price is $17.84.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. World Investment Advisors purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $526,000. Evolve Private Wealth LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $3,423,000. Midwest Heritage Bank FSB lifted its position in shares of First Trust Preferred Securities and Income ETF by 20.5% during the first quarter. Midwest Heritage Bank FSB now owns 475,098 shares of the company’s stock worth $8,433,000 after purchasing an additional 80,943 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 4.7% in the 1st quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock worth $43,055,000 after buying an additional 108,076 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the second quarter valued at $2,536,000.

First Trust Preferred Securities and Income ETF Company Profile

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.