FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Short Interest Up 1,073.9% in August

by · The Markets Daily

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 115,176 shares, a growth of 1,073.9% from the August 15th total of 9,811 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 77,170 shares, the days-to-cover ratio is currently 1.5 days.

FT Energy Income Partners Enhanced Income ETF Trading Down 0.6%

NYSEARCA:EIPI traded down $0.14 on Thursday, hitting $22.74. The company had a trading volume of 56,188 shares, compared to its average volume of 97,498. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.58 and a beta of 0.13. The firm has a 50 day moving average of $22.49 and a two-hundred day moving average of $22.32. FT Energy Income Partners Enhanced Income ETF has a 52 week low of $19.37 and a 52 week high of $23.08.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its stake in shares of FT Energy Income Partners Enhanced Income ETF by 21.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock valued at $1,911,000 after acquiring an additional 16,805 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in FT Energy Income Partners Enhanced Income ETF by 173.7% in the 1st quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock worth $930,000 after purchasing an additional 26,232 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in FT Energy Income Partners Enhanced Income ETF in the 1st quarter worth about $225,000. Finally, Allied Private Wealth LLC bought a new position in FT Energy Income Partners Enhanced Income ETF in the second quarter valued at about $108,000.

FT Energy Income Partners Enhanced Income ETF Company Profile

(Get Free Report)

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.

Further Reading