FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Short Interest Down 71.3% in May

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 37,054 shares, a decline of 71.3% from the May 14th total of 129,038 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 44,049 shares, the short-interest ratio is presently 0.8 days.

FT Energy Income Partners Strategy ETF Price Performance

FT Energy Income Partners Strategy ETF stock traded up $0.10 during mid-day trading on Thursday, reaching $32.02. The stock had a trading volume of 6,720 shares, compared to its average volume of 40,752. The company has a market capitalization of $518.72 million, a price-to-earnings ratio of 14.99 and a beta of 0.32. The company has a 50-day moving average price of $32.06 and a two-hundred day moving average price of $29.96. FT Energy Income Partners Strategy ETF has a one year low of $25.38 and a one year high of $33.09.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

Hedge funds have recently bought and sold shares of the company. HBW Advisory Services LLC raised its position in FT Energy Income Partners Strategy ETF by 526.1% in the 4th quarter. HBW Advisory Services LLC now owns 49,626 shares of the company’s stock worth $1,312,000 after buying an additional 41,700 shares during the last quarter. Eastern Bank purchased a new position in FT Energy Income Partners Strategy ETF in the 4th quarter worth about $2,666,000. Marshall Investment Management LLC purchased a new position in FT Energy Income Partners Strategy ETF in the 3rd quarter worth about $1,224,000. Concurrent Investment Advisors LLC purchased a new position in FT Energy Income Partners Strategy ETF in the 4th quarter worth about $708,000. Finally, Stifel Financial Corp raised its position in FT Energy Income Partners Strategy ETF by 3.5% in the 4th quarter. Stifel Financial Corp now owns 154,248 shares of the company’s stock worth $4,078,000 after buying an additional 5,174 shares during the last quarter.

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.