Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Decreases By 39.7%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 26,292 shares, a drop of 39.7% from the June 15th total of 43,584 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 31,417 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of FT Energy Income Partners Strategy ETF

Several hedge funds have recently added to or reduced their stakes in EIPX. Fifth Third Bancorp bought a new position in FT Energy Income Partners Strategy ETF in the 1st quarter worth approximately $26,000. Van Diest Capital LLC bought a new stake in shares of FT Energy Income Partners Strategy ETF in the fourth quarter valued at approximately $226,000. D.A. Davidson & CO. bought a new stake in shares of FT Energy Income Partners Strategy ETF in the first quarter valued at approximately $271,000. Jane Street Group LLC bought a new stake in shares of FT Energy Income Partners Strategy ETF in the first quarter valued at approximately $324,000. Finally, Royal Bank of Canada grew its stake in shares of FT Energy Income Partners Strategy ETF by 29.7% in the fourth quarter. Royal Bank of Canada now owns 12,456 shares of the company’s stock worth $329,000 after acquiring an additional 2,851 shares during the last quarter.

FT Energy Income Partners Strategy ETF Price Performance

Shares of EIPX stock traded up $0.27 on Thursday, hitting $32.28. The company’s stock had a trading volume of 1,475 shares, compared to its average volume of 41,802. FT Energy Income Partners Strategy ETF has a fifty-two week low of $25.38 and a fifty-two week high of $33.09. The firm’s fifty day moving average price is $31.89 and its 200-day moving average price is $30.81. The stock has a market capitalization of $550.37 million, a price-to-earnings ratio of 14.99 and a beta of 0.32.

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.