Short Interest in First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Increases By 19.3%

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 38,744 shares, an increase of 19.3% from the December 31st total of 32,482 shares. Based on an average daily volume of 116,822 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 116,822 shares, the short-interest ratio is presently 0.3 days.

First Trust Intermediate Duration Preferred & Income Fund Trading Up 0.0%

Shares of FPF traded up $0.01 during mid-day trading on Wednesday, reaching $18.83. The company had a trading volume of 132,317 shares, compared to its average volume of 113,475. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $15.60 and a twelve month high of $19.75. The company’s 50-day moving average is $18.70 and its 200-day moving average is $18.88.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Investors Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Several large investors have recently made changes to their positions in FPF. Silver Oak Securities Incorporated lifted its holdings in First Trust Intermediate Duration Preferred & Income Fund by 6.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 13,312 shares of the company’s stock valued at $255,000 after purchasing an additional 851 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.7% in the 3rd quarter. PFG Investments LLC now owns 35,314 shares of the company’s stock worth $676,000 after acquiring an additional 933 shares in the last quarter. Geneos Wealth Management Inc. grew its position in First Trust Intermediate Duration Preferred & Income Fund by 18.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,928 shares of the company’s stock worth $130,000 after acquiring an additional 1,065 shares during the last quarter. Saxony Capital Management LLC increased its holdings in First Trust Intermediate Duration Preferred & Income Fund by 4.1% during the 3rd quarter. Saxony Capital Management LLC now owns 27,950 shares of the company’s stock valued at $535,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its stake in First Trust Intermediate Duration Preferred & Income Fund by 3.3% in the second quarter. Prospera Financial Services Inc now owns 41,580 shares of the company’s stock worth $783,000 after purchasing an additional 1,327 shares in the last quarter.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.