First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Down 57.3% in August

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 129,131 shares, a drop of 57.3% from the August 15th total of 302,125 shares. Based on an average trading volume of 630,320 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

A number of institutional investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter worth about $993,000. Annex Advisory Services LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 11.8% in the 2nd quarter. Annex Advisory Services LLC now owns 1,146,209 shares of the company’s stock valued at $22,110,000 after acquiring an additional 120,692 shares in the last quarter. Integral Investment Advisors Inc. boosted its position in First Trust Institutional Preferred Securities and Income ETF by 1.3% during the 2nd quarter. Integral Investment Advisors Inc. now owns 623,023 shares of the company’s stock worth $12,018,000 after acquiring an additional 8,100 shares during the last quarter. Bank of America Corp DE boosted its position in First Trust Institutional Preferred Securities and Income ETF by 29.3% during the 1st quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock worth $114,330,000 after acquiring an additional 1,364,824 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 84.6% during the 1st quarter. Arkadios Wealth Advisors now owns 39,829 shares of the company’s stock worth $757,000 after acquiring an additional 18,258 shares in the last quarter.

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

FPEI traded up $0.01 during trading on Tuesday, hitting $18.78. The company had a trading volume of 440,019 shares, compared to its average volume of 402,611. First Trust Institutional Preferred Securities and Income ETF has a one year low of $18.71 and a one year high of $19.61. The firm’s 50-day moving average price is $19.10 and its 200 day moving average price is $19.18.

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.