Short Interest in First Trust MLP and Energy Income Fund (NYSE:FEI) Decreases By 30.6%

First Trust MLP and Energy Income Fund (NYSE:FEI – Get Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 58,800 shares, a decline of 30.6% from the March 15th total of 84,700 shares. Based on an average trading volume of 202,400 shares, the days-to-cover ratio is presently 0.3 days.

FEI traded up $0.04 on Friday, reaching $8.50. 73,037 shares of the stock were exchanged, compared to its average volume of 201,921. The company’s 50-day moving average price is $7.94 and its 200 day moving average price is $7.70. First Trust MLP and Energy Income Fund has a fifty-two week low of $6.76 and a fifty-two week high of $8.50.

The company also recently declared a monthly dividend, which will be paid on Monday, April 18th. Shareholders of record on Monday, April 4th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 1st. This represents a $0.60 dividend on an annualized basis and a yield of 7.06%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEI. Cetera Advisors LLC purchased a new position in shares of First Trust MLP and Energy Income Fund during the 3rd quarter valued at about $92,000. Royal Capital Wealth Management LLC purchased a new position in shares of First Trust MLP and Energy Income Fund during the 4th quarter valued at about $110,000. Baird Financial Group Inc. raised its stake in shares of First Trust MLP and Energy Income Fund by 5.9% during the 4th quarter. Baird Financial Group Inc. now owns 26,813 shares of the company’s stock valued at $194,000 after buying an additional 1,500 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First Trust MLP and Energy Income Fund by 7.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 32,091 shares of the company’s stock valued at $231,000 after buying an additional 2,300 shares during the last quarter. Finally, Wealthsource Partners LLC purchased a new position in shares of First Trust MLP and Energy Income Fund in the 3rd quarter valued at about $288,000.

First Trust MLP and Energy Income Fund Company Profile (Get Rating)

First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors.

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