First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 55,800 shares, an increase of 230.2% from the September 15th total of 16,900 shares. Based on an average daily volume of 178,500 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On First Trust Intermediate Duration Preferred & Income Fund
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 223.0% in the first quarter. Larson Financial Group LLC now owns 2,180 shares of the company’s stock worth $39,000 after buying an additional 1,505 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter worth $46,000. Register Financial Advisors LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund during the 1st quarter valued at approximately $118,000. Nomura Holdings Inc. purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund during the 4th quarter valued at about $172,000. Finally, Sanctuary Advisors LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter worth approximately $227,000.
First Trust Intermediate Duration Preferred & Income Fund Stock Performance
NYSE FPF traded up $0.07 during trading on Friday, hitting $19.39. 66,597 shares of the stock traded hands, compared to its average volume of 159,514. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $13.91 and a 12-month high of $19.74. The firm has a 50-day simple moving average of $18.85 and a 200-day simple moving average of $18.13.
First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement
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.
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