First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Short Interest Update

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 519,480 shares, a growth of 431.4% from the December 31st total of 97,754 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 405,510 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 405,510 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the shares of the company are short sold.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1%

Shares of NYSEARCA:FPEI opened at $19.44 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.81 and a 1-year high of $19.53. The firm has a fifty day moving average price of $19.41 and a 200 day moving average price of $19.31.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be issued a dividend of $0.0913 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPEI. Kestra Private Wealth Services LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 1.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 53,221 shares of the company’s stock worth $1,029,000 after acquiring an additional 557 shares during the period. Capital Advisors Wealth Management LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.9% during the third quarter. Capital Advisors Wealth Management LLC now owns 15,338 shares of the company’s stock worth $297,000 after purchasing an additional 578 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.3% during the second quarter. Rockefeller Capital Management L.P. now owns 182,918 shares of the company’s stock worth $3,474,000 after purchasing an additional 628 shares during the period. FWL Investment Management LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% during the third quarter. FWL Investment Management LLC now owns 73,170 shares of the company’s stock worth $1,415,000 after purchasing an additional 665 shares during the period. Finally, Silver Oak Securities Incorporated grew its position in First Trust Institutional Preferred Securities and Income ETF by 1.3% in the 4th quarter. Silver Oak Securities Incorporated now owns 53,901 shares of the company’s stock valued at $1,045,000 after buying an additional 676 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Company Profile

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.