First Trust New Opportunities MLP & Energy Fund (NYSE:FPL – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 21,700 shares, a growth of 442.5% from the February 29th total of 4,000 shares. Based on an average trading volume of 71,900 shares, the short-interest ratio is presently 0.3 days.
First Trust New Opportunities MLP & Energy Fund Stock Up 1.5 %
Shares of NYSE FPL opened at $7.66 on Friday. The firm’s 50-day moving average price is $7.07 and its 200-day moving average price is $6.81. First Trust New Opportunities MLP & Energy Fund has a 52-week low of $5.65 and a 52-week high of $7.67.
First Trust New Opportunities MLP & Energy Fund Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be issued a $0.038 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.46 annualized dividend and a yield of 5.95%. This is a boost from First Trust New Opportunities MLP & Energy Fund’s previous monthly dividend of $0.04. First Trust New Opportunities MLP & Energy Fund’s dividend payout ratio (DPR) is currently 10.84%.
Institutional Investors Weigh In On First Trust New Opportunities MLP & Energy Fund
About First Trust New Opportunities MLP & Energy Fund
First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors.
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