FT Energy Income Partners Enhanced Income ETF (NYSEARCA:EIPI – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,997 shares, a drop of 81.6% from the July 15th total of 59,744 shares. Based on an average daily trading volume, of 169,811 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

NYSEARCA EIPI opened at $22.47 on Wednesday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 16.58 and a beta of 0.13. FT Energy Income Partners Enhanced Income ETF has a 52-week low of $19.37 and a 52-week high of $22.96. The firm has a 50-day moving average price of $22.13 and a 200 day moving average price of $22.10.

Several hedge funds have recently added to or reduced their stakes in the business. Allied Private Wealth LLC acquired a new position in shares of FT Energy Income Partners Enhanced Income ETF in the second quarter worth $108,000. Bank of New York Mellon Corp grew its holdings in FT Energy Income Partners Enhanced Income ETF by 173.7% in the first quarter. Bank of New York Mellon Corp now owns 41,335 shares of the company’s stock valued at $930,000 after purchasing an additional 26,232 shares during the period. Brown Brothers Harriman & Co. increased 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 buying an additional 16,805 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of FT Energy Income Partners Enhanced Income ETF in the 1st quarter worth about $225,000. Finally, Farther Finance Advisors LLC lifted its position in FT Energy Income Partners Enhanced Income ETF by 81.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,694 shares of the company’s stock valued at $93,000 after buying an additional 2,114 shares in the last quarter.

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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.

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