FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Short Interest Update

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 129,038 shares, an increase of 1,601.0% from the April 30th total of 7,586 shares. Based on an average daily volume of 33,878 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Trading of FT Energy Income Partners Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth $26,000. D.A. Davidson & CO. acquired a new stake in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth $271,000. Van Diest Capital LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF during the 4th quarter worth $226,000. Jane Street Group LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth $324,000. Finally, Royal Bank of Canada increased its holdings in shares of FT Energy Income Partners Strategy ETF by 29.7% during the 4th 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 last quarter.

FT Energy Income Partners Strategy ETF Trading Down 1.3%

Shares of FT Energy Income Partners Strategy ETF stock traded down $0.43 during trading hours on Wednesday, reaching $32.11. 30,123 shares of the company’s stock were exchanged, compared to its average volume of 41,139. The firm has a market capitalization of $520.18 million, a price-to-earnings ratio of 14.99 and a beta of 0.36. The company has a fifty day moving average of $32.11 and a 200-day moving average of $29.60. FT Energy Income Partners Strategy ETF has a 52-week low of $24.75 and a 52-week high of $33.09.

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.