First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Short Interest Rises 52.6%

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 392,514 shares, a growth of 52.6% from the August 31st total of 257,164 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,134,783 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $17.05 on Thursday. First Trust Preferred Securities and Income ETF has a 1-year low of $17.03 and a 1-year high of $18.51. The stock has a 50-day moving average of $17.62 and a 200-day moving average of $17.85.

Institutional Trading of First Trust Preferred Securities and Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPE. LPL Financial LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 18.6% in the 4th quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock worth $306,475,000 after purchasing an additional 2,636,765 shares during the period. Bank of America Corp DE raised its stake in First Trust Preferred Securities and Income ETF by 5.4% during the first quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after buying an additional 446,585 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Preferred Securities and Income ETF by 14.8% during the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock worth $52,620,000 after buying an additional 383,261 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 4.7% in the first quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock valued at $43,055,000 after buying an additional 108,076 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in First Trust Preferred Securities and Income ETF by 9.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,211,426 shares of the company’s stock valued at $40,292,000 after buying an additional 197,896 shares during the period.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.