FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Shares Shorted: Short Interest Down 55.4% in September

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 49,864 shares, a drop of 55.4% from the September 15th total of 111,820 shares. Based on an average daily trading volume, of 79,851 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

FT Energy Income Partners Enhanced Income ETF Price Performance

NYSEARCA EIPI traded down $0.17 on Thursday, reaching $22.03. The company had a trading volume of 60,995 shares, compared to its average volume of 94,767. The firm has a market capitalization of $1.08 billion, a PE ratio of 16.58 and a beta of 0.17. FT Energy Income Partners Enhanced Income ETF has a 1 year low of $19.37 and a 1 year high of $23.08. The firm has a 50-day moving average of $22.35 and a 200-day moving average of $22.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in FT Energy Income Partners Enhanced Income ETF during the 3rd quarter valued at $36,000. Farther Finance Advisors LLC acquired a new position in FT Energy Income Partners Enhanced Income ETF in the 3rd quarter worth $57,000. Allied Private Wealth LLC acquired a new position in FT Energy Income Partners Enhanced Income ETF in the 2nd quarter worth $108,000. Nations Financial Group Inc. IA ADV acquired a new position in FT Energy Income Partners Enhanced Income ETF in the 1st quarter worth $225,000. Finally, Bank of New York Mellon Corp boosted its position 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 valued at $930,000 after buying an additional 26,232 shares during the last quarter.

About FT Energy Income Partners Enhanced Income ETF

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.