Short Interest in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Grows By 150.1%

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 672,114 shares, an increase of 150.1% from the May 31st total of 268,784 shares. Based on an average daily volume of 1,052,488 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA FPE traded up $0.03 during trading hours on Monday, reaching $17.90. The company’s stock had a trading volume of 444,655 shares, compared to its average volume of 1,400,571. The business has a 50-day simple moving average of $18.02 and a 200 day simple moving average of $18.13. First Trust Preferred Securities and Income ETF has a 52 week low of $17.54 and a 52 week high of $18.51.

Hedge Funds Weigh In On First Trust Preferred Securities and Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPE. Jane Street Group LLC lifted its stake in First Trust Preferred Securities and Income ETF by 53.0% during the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after purchasing an additional 91,118 shares during the last quarter. First Trust Advisors LP raised its position in shares of First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock worth $2,911,000 after purchasing an additional 1,496 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $249,000. NewEdge Advisors LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 2.5% in the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock valued at $6,619,000 after purchasing an additional 9,236 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth about $263,000.

First Trust Preferred Securities and Income ETF Company Profile

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.