First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Short Interest Update

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 34,800 shares, a growth of 11.9% from the October 31st total of 31,100 shares. Based on an average daily volume of 143,900 shares, the short-interest ratio is currently 0.2 days.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of FPF opened at $18.72 on Wednesday. The stock has a 50 day moving average price of $19.00 and a two-hundred day moving average price of $18.52. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $15.66 and a 52 week high of $19.74.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.1375 per share. This represents a $1.65 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend is Monday, December 2nd.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FPF. B. Riley Wealth Advisors Inc. grew its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 14.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 20,235 shares of the company’s stock valued at $363,000 after acquiring an additional 2,502 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 3.5% in the second quarter. Park Avenue Securities LLC now owns 97,555 shares of the company’s stock worth $1,792,000 after buying an additional 3,306 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.7% in the second quarter. Capital Investment Advisors LLC now owns 47,620 shares of the company’s stock worth $875,000 after buying an additional 1,236 shares in the last quarter. Integrated Capital Management Inc. raised its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 29.8% in the second quarter. Integrated Capital Management Inc. now owns 18,096 shares of the company’s stock worth $332,000 after buying an additional 4,150 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in First Trust Intermediate Duration Preferred & Income Fund by 8.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 208,971 shares of the company’s stock valued at $3,839,000 after purchasing an additional 16,954 shares in the last quarter.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.