First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 129,131 shares, a decline of 57.3% from the August 15th total of 302,125 shares. Based on an average daily volume of 630,320 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
First Trust Institutional Preferred Securities and Income ETF Stock Down 0.4%
NYSEARCA:FPEI traded down $0.07 during trading hours on Monday, hitting $18.77. 483,510 shares of the company’s stock traded hands, compared to its average volume of 402,398. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.71 and a twelve month high of $19.61. The stock’s fifty day moving average price is $19.11 and its two-hundred day moving average price is $19.19.
Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $29,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $88,000. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $163,000. Valmark Advisers Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth about $192,000. Finally, Gaddis Premier Wealth Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $199,000.
First Trust Institutional Preferred Securities and Income ETF Company Profile
The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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