FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Sees Large Growth in Short Interest

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 59,744 shares, a growth of 170.4% from the June 30th total of 22,097 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 73,856 shares, the short-interest ratio is currently 0.8 days.

FT Energy Income Partners Enhanced Income ETF Stock Down 1.5%

Shares of FT Energy Income Partners Enhanced Income ETF stock traded down $0.33 during trading on Monday, reaching $22.30. The company’s stock had a trading volume of 118,851 shares, compared to its average volume of 104,468. FT Energy Income Partners Enhanced Income ETF has a 12-month low of $19.37 and a 12-month high of $22.96. The business has a 50 day moving average price of $22.17 and a 200-day moving average price of $21.92. The company has a market capitalization of $1.07 billion, a P/E ratio of 16.58 and a beta of 0.14.

Institutional Trading of FT Energy Income Partners Enhanced Income ETF

A number of institutional investors have recently bought and sold shares of EIPI. Daytona Street Capital LLC acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC lifted its position in FT Energy Income Partners Enhanced Income ETF by 81.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock worth $93,000 after buying an additional 2,114 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of FT Energy Income Partners Enhanced Income ETF in the second quarter worth approximately $108,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the 1st quarter valued at $225,000. Finally, Bank of New York Mellon Corp increased its stake in FT Energy Income Partners Enhanced Income ETF by 173.7% during the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after acquiring an additional 26,232 shares during the last quarter.

About FT Energy Income Partners Enhanced Income ETF

The FT Energy Income Partners Enhanced Income ETF (EIPI) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that seeks total return with a focus on distributions. The fund invests globally within the broader energy market, while combining both covered and naked call options writing strategies to enhance income. EIPI was launched on Sep 27, 2011 and is issued by First Trust.