Short Interest in FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) Expands By 112.1%

FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 143,411 shares, an increase of 112.1% from the April 30th total of 67,607 shares. Based on an average trading volume of 70,904 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.3% of the company’s shares are short sold.

FT Energy Income Partners Enhanced Income ETF Price Performance

NYSEARCA EIPI opened at $21.88 on Monday. FT Energy Income Partners Enhanced Income ETF has a 12 month low of $19.19 and a 12 month high of $22.96. The company has a 50-day moving average of $22.39 and a 200-day moving average of $21.32. The company has a market cap of $1.05 billion, a P/E ratio of 16.58 and a beta of 0.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of FT Energy Income Partners Enhanced Income ETF by 173.7% during the 1st quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock valued at $930,000 after acquiring an additional 26,232 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the 1st quarter worth about $225,000. Farther Finance Advisors LLC grew its holdings in shares of FT Energy Income Partners Enhanced Income ETF by 81.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock worth $93,000 after purchasing an additional 2,114 shares during the period. Daytona Street Capital LLC purchased a new stake in shares of FT Energy Income Partners Enhanced Income ETF during the 4th quarter worth about $49,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of FT Energy Income Partners Enhanced Income ETF by 21.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 96,424 shares of the company’s stock worth $1,911,000 after purchasing an additional 16,805 shares during the period.

About FT Energy Income Partners Enhanced Income ETF

The FT Energy Income Partners Enhanced Income ETF (EIPI) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that seeks total return with a focus on distributions. The fund invests globally within the broader energy market, while combining both covered and naked call options writing strategies to enhance income. EIPI was launched on Sep 27, 2011 and is issued by First Trust.