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

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the recipient of a large increase in short interest in 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 trading volume, of 33,878 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EIPX. Fifth Third Bancorp purchased a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth $26,000. Van Diest Capital LLC purchased a new position in shares of FT Energy Income Partners Strategy ETF during the 4th quarter worth $226,000. D.A. Davidson & CO. purchased a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth $271,000. Jane Street Group LLC purchased a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth $324,000. Finally, Royal Bank of Canada lifted its stake 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 purchasing an additional 2,851 shares during the period.

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. FT Energy Income Partners Strategy ETF has a 52-week low of $24.75 and a 52-week high of $33.09. 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 Company Profile

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.