FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Sees Large Increase in Short Interest

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 59,744 shares, a growth of 170.4% from the June 30th total of 22,097 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 73,856 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of FT Energy Income Partners Enhanced Income ETF

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in FT Energy Income Partners Enhanced Income ETF by 173.7% during the 1st quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after buying an additional 26,232 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in FT Energy Income Partners Enhanced Income ETF by 21.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after buying an additional 16,805 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of FT Energy Income Partners Enhanced Income ETF during the first quarter worth approximately $225,000. Allied Private Wealth LLC purchased a new position in FT Energy Income Partners Enhanced Income ETF during the 2nd quarter worth $108,000. Finally, Daytona Street Capital LLC acquired a new position in FT Energy Income Partners Enhanced Income ETF in the 4th quarter valued at about $49,000.

FT Energy Income Partners Enhanced Income ETF Trading Down 1.5%

EIPI traded down $0.33 during trading hours on Monday, hitting $22.30. 118,851 shares of the company’s stock were exchanged, compared to its average volume of 104,468. The firm has a market cap of $1.07 billion, a P/E ratio of 16.58 and a beta of 0.14. FT Energy Income Partners Enhanced Income ETF has a 12-month low of $19.37 and a 12-month high of $22.96. The firm has a 50 day moving average of $22.17 and a 200 day moving average of $21.92.

About FT Energy Income Partners Enhanced Income ETF

The FT Energy Income Partners Enhanced Income ETF (EIPI) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that seeks total return with a focus on distributions. The fund invests globally within the broader energy market, while combining both covered and naked call options writing strategies to enhance income. EIPI was launched on Sep 27, 2011 and is issued by First Trust.