FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Sees Large Increase in Short Interest

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 51,000 shares, a growth of 50.4% from the August 15th total of 33,900 shares. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is currently 2.7 days.

FT Energy Income Partners Strategy ETF Trading Down 0.1%

Shares of EIPX opened at $26.26 on Thursday. FT Energy Income Partners Strategy ETF has a 12 month low of $21.94 and a 12 month high of $26.71. The firm has a fifty day simple moving average of $25.92 and a 200 day simple moving average of $25.35. The stock has a market capitalization of $386.02 million, a price-to-earnings ratio of 14.99 and a beta of 1.20.

Institutional Trading of FT Energy Income Partners Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. West Branch Capital LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF in the second quarter valued at about $27,000. Sigma Planning Corp acquired a new stake in shares of FT Energy Income Partners Strategy ETF in the first quarter valued at about $228,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF in the first quarter valued at about $308,000. Legacy Wealth Managment LLC ID increased its position in shares of FT Energy Income Partners Strategy ETF by 13.3% in the first quarter. Legacy Wealth Managment LLC ID now owns 12,228 shares of the company’s stock valued at $319,000 after acquiring an additional 1,433 shares during the last quarter. Finally, HBW Advisory Services LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF in the second quarter valued at about $316,000.

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.