First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Short Interest Update

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 34,800 shares, an increase of 11.9% from the October 31st total of 31,100 shares. Based on an average daily volume of 143,900 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

NYSE:FPF traded down $0.01 during trading hours on Tuesday, hitting $18.70. The company’s stock had a trading volume of 165,583 shares, compared to its average volume of 156,173. The stock has a fifty day simple moving average of $19.01 and a 200-day simple moving average of $18.52. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $15.66 and a twelve month high of $19.74.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.1375 dividend. This represents a $1.65 annualized dividend and a yield of 8.82%. The ex-dividend date is Monday, December 2nd.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

Several large investors have recently bought and sold shares of FPF. Rothschild Investment LLC acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the second quarter valued at about $3,773,000. International Assets Investment Management LLC boosted its stake in First Trust Intermediate Duration Preferred & Income Fund by 1,279.9% in the third quarter. International Assets Investment Management LLC now owns 187,763 shares of the company’s stock valued at $3,667,000 after buying an additional 174,156 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at about $695,000. Jane Street Group LLC bought a new position in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at about $644,000. Finally, Saxony Capital Management LLC bought a new position in First Trust Intermediate Duration Preferred & Income Fund in the third quarter valued at about $627,000.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.