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

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 93,836 shares, an increase of 256.9% from the June 30th total of 26,292 shares. Based on an average daily trading volume, of 70,995 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the company’s stock are sold short.

FT Energy Income Partners Strategy ETF Stock Performance

EIPX traded down $0.05 during trading on Friday, reaching $32.78. 101,638 shares of the stock were exchanged, compared to its average volume of 42,009. The stock has a market cap of $558.90 million, a P/E ratio of 14.99 and a beta of 0.32. FT Energy Income Partners Strategy ETF has a twelve month low of $25.38 and a twelve month high of $33.24. The stock’s 50 day moving average price is $31.95 and its two-hundred day moving average price is $31.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of FT Energy Income Partners Strategy ETF in the 1st quarter valued at about $324,000. Bank of America Corp DE bought a new position in FT Energy Income Partners Strategy ETF during the second quarter worth about $762,000. Private Advisor Group LLC grew its holdings in FT Energy Income Partners Strategy ETF by 41.4% during the third quarter. Private Advisor Group LLC now owns 17,000 shares of the company’s stock worth $445,000 after purchasing an additional 4,977 shares during the period. Raymond James Financial Inc. increased its position in FT Energy Income Partners Strategy ETF by 0.7% during the third quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock worth $4,463,000 after buying an additional 1,233 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in FT Energy Income Partners Strategy ETF during the third quarter worth approximately $556,000.

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.