Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Decreases By 39.7%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 26,292 shares, a drop of 39.7% from the June 15th total of 43,584 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 31,417 shares, the days-to-cover ratio is presently 0.8 days.

FT Energy Income Partners Strategy ETF Stock Performance

EIPX opened at $32.26 on Friday. The stock has a market capitalization of $550.03 million, a P/E ratio of 14.99 and a beta of 0.32. The business’s 50-day simple moving average is $31.91 and its 200-day simple moving average is $30.86. FT Energy Income Partners Strategy ETF has a one year low of $25.38 and a one year high of $33.09.

Institutional Investors Weigh In On FT Energy Income Partners Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of FT Energy Income Partners Strategy ETF in the 1st quarter worth about $324,000. Bank of America Corp DE purchased a new stake in shares of FT Energy Income Partners Strategy ETF during the 2nd quarter worth about $762,000. Private Advisor Group LLC grew its holdings in shares of FT Energy Income Partners Strategy ETF by 41.4% during the 3rd 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 3rd quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock worth $4,463,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in FT Energy Income Partners Strategy ETF during the 3rd quarter worth approximately $556,000.

About FT Energy Income Partners Strategy ETF

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.