Short Interest in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Decreases By 62.4%

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 97,754 shares, a decrease of 62.4% from the December 15th total of 260,308 shares. Based on an average trading volume of 339,656 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 339,656 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Several large investors have recently modified their holdings of FPEI. Montis Financial LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 14,194.9% in the 3rd quarter. Montis Financial LLC now owns 1,568,581 shares of the company’s stock valued at $30,336,000 after purchasing an additional 1,557,608 shares in the last quarter. Annex Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at approximately $15,970,000. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 103.1% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,259,000 shares of the company’s stock worth $24,349,000 after purchasing an additional 639,000 shares during the period. Westview Management dba Westview Investment Advisors bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $7,480,000. Finally, Citizens Financial Group Inc. RI boosted its position in First Trust Institutional Preferred Securities and Income ETF by 65.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 951,002 shares of the company’s stock valued at $18,060,000 after purchasing an additional 376,887 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.2%

FPEI stock traded up $0.04 on Wednesday, hitting $19.51. The company’s stock had a trading volume of 362,075 shares, compared to its average volume of 418,964. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.81 and a 1 year high of $19.53. The firm has a 50 day moving average of $19.39 and a two-hundred day moving average of $19.28.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a $0.0905 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, November 21st.

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.