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 significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 166,491 shares, a growth of 673.8% from the September 15th total of 21,515 shares. Based on an average daily volume of 466,442 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Large investors have recently bought and sold shares of the business. Capital Advisors Wealth Management LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $570,000. Farther Finance Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $126,000. Winebrenner Capital Management LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $2,309,000. Elevation Wealth Partners LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $587,000. Finally, Park National Corp OH increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 17.1% in the third quarter. Park National Corp OH now owns 531,455 shares of the company’s stock valued at $9,800,000 after buying an additional 77,591 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1%

Shares of FPEI stock traded up $0.01 during trading hours on Friday, reaching $18.54. The company’s stock had a trading volume of 591,649 shares, compared to its average volume of 424,321. The firm’s 50 day simple moving average is $18.89 and its 200-day simple moving average is $19.09. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.30 and a fifty-two 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.