Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Declines By 87.7%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 10,200 shares, a drop of 87.7% from the September 15th total of 82,700 shares. Based on an average daily volume of 21,400 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 21,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of FT Energy Income Partners Strategy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in shares of FT Energy Income Partners Strategy ETF by 3.0% during the 1st quarter. IFP Advisors Inc now owns 22,081 shares of the company’s stock worth $575,000 after acquiring an additional 639 shares during the period. LPL Financial LLC lifted its holdings in shares of FT Energy Income Partners Strategy ETF by 58.5% during the 1st quarter. LPL Financial LLC now owns 334,836 shares of the company’s stock worth $8,722,000 after acquiring an additional 123,641 shares during the period. Flow Traders U.S. LLC bought a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth about $427,000. SCS Capital Management LLC bought a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter worth about $2,178,000. Finally, HBW Advisory Services LLC bought a new position in shares of FT Energy Income Partners Strategy ETF during the 2nd quarter worth about $316,000.

FT Energy Income Partners Strategy ETF Price Performance

NYSEARCA EIPX opened at $25.66 on Friday. The firm has a market capitalization of $381.05 million, a price-to-earnings ratio of 14.99 and a beta of 1.20. The company’s fifty day moving average is $26.04 and its two-hundred day moving average is $25.43. FT Energy Income Partners Strategy ETF has a 52-week low of $21.94 and a 52-week high of $26.71.

FT Energy Income Partners Strategy ETF Company Profile

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.