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

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 273,525 shares, a decrease of 57.9% from the April 30th total of 649,229 shares. Based on an average trading volume of 1,018,694 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock remained flat at $18.02 during mid-day trading on Friday. The company’s stock had a trading volume of 1,105,362 shares, compared to its average volume of 1,477,794. The company has a fifty day moving average price of $17.99 and a 200-day moving average price of $18.17. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.50 and a fifty-two week high of $18.51.

Institutional Investors Weigh In On First Trust Preferred Securities and Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter valued at approximately $29,000. Brown Brothers Harriman & Co. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $39,000. Rossby Financial LCC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 469.7% in the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after purchasing an additional 1,935 shares during the last quarter. Ameriflex Group Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $45,000.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.