First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Stock Short Interest Report for October

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 7,470 shares, a decline of 80.7% from the September 30th total of 38,677 shares. Based on an average trading volume of 349,416 shares, the short-interest ratio is presently 0.0 days.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.1%

NYSE:FPF opened at $15.53 on Tuesday. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $15.30 and a twelve month high of $19.36. The business has a 50 day moving average price of $16.63 and a two-hundred day moving average price of $17.86.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a $0.1375 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.65 dividend on an annualized basis and a yield of 10.6%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Saxony Capital Management LLC increased its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 7.6% in the third quarter. Saxony Capital Management LLC now owns 29,800 shares of the company’s stock valued at $477,000 after acquiring an additional 2,100 shares during the last quarter. Shaker Financial Services LLC boosted its position in First Trust Intermediate Duration Preferred & Income Fund by 70.0% during the third quarter. Shaker Financial Services LLC now owns 44,551 shares of the company’s stock valued at $713,000 after purchasing an additional 18,341 shares during the last quarter. Noble Wealth Management PBC boosted its position in First Trust Intermediate Duration Preferred & Income Fund by 4.1% during the third quarter. Noble Wealth Management PBC now owns 85,758 shares of the company’s stock valued at $1,373,000 after purchasing an additional 3,395 shares during the last quarter. NewEdge Advisors LLC grew its stake in First Trust Intermediate Duration Preferred & Income Fund by 4.8% in the second quarter. NewEdge Advisors LLC now owns 86,756 shares of the company’s stock valued at $1,576,000 after purchasing an additional 3,986 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in First Trust Intermediate Duration Preferred & Income Fund by 2.8% in the second quarter. Baird Financial Group Inc. now owns 102,354 shares of the company’s stock valued at $1,860,000 after purchasing an additional 2,774 shares in the last quarter.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end investment company managed by First Trust Advisors L.P. The fund is designed to provide investors with current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt securities, including securities issued by corporations and financial institutions. Its portfolio is managed with an intermediate-duration approach, which seeks to balance income generation with sensitivity to changes in interest rates.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure to multiple sectors and geographies.