First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Up 90.2% in July

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 99,451 shares, an increase of 90.2% from the June 30th total of 52,299 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 304,214 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth approximately $1,520,000. First Trust Advisors LP boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 7.9% in the second quarter. First Trust Advisors LP now owns 262,064 shares of the company’s stock valued at $4,977,000 after acquiring an additional 19,155 shares during the period. Raymond James Financial Inc. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 12.4% during the second quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock worth $38,112,000 after acquiring an additional 222,032 shares during the last quarter. Vista Investment Management increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.6% in the 2nd quarter. Vista Investment Management now owns 265,973 shares of the company’s stock valued at $5,051,000 after acquiring an additional 9,203 shares during the period. Finally, MML Investors Services LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 7.4% in the 2nd quarter. MML Investors Services LLC now owns 38,636 shares of the company’s stock valued at $734,000 after purchasing an additional 2,676 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $19.05 on Thursday. The business has a 50 day moving average price of $19.23 and a 200 day moving average price of $19.28. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.71 and a fifty-two week high of $19.61.

About First Trust Institutional Preferred Securities and Income ETF

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.