First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Down 61.2% in June

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 52,299 shares, a decrease of 61.2% from the June 15th total of 134,889 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 296,417 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF

A number of institutional investors have recently bought and sold shares of FPEI. EverSource Wealth Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $29,000. Arax Advisory Partners acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $36,000. Colonial Trust Co SC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% during the fourth quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock worth $37,000 after purchasing an additional 1,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $84,000. Finally, Capital Investment Advisory Services LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock valued at $86,000 after purchasing an additional 4,222 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1%

NYSEARCA FPEI traded up $0.01 on Tuesday, hitting $19.25. 308,220 shares of the stock were exchanged, compared to its average volume of 400,596. The company’s 50-day moving average price is $19.25 and its two-hundred day moving average price is $19.31. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $18.71 and a 52-week high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.