First Trust Energy Income & Growth Fund (FEN) Short Interest Down 92.6% in October

First Trust Energy Income & Growth Fund (NYSEAMERICAN:FEN) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,656 shares, a decline of 92.6% from the October 15th total of 49,485 shares. Based on an average daily trading volume, of 105,341 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Energy Income & Growth Fund stock opened at $19.91 on Friday. First Trust Energy Income & Growth Fund has a 12-month low of $19.23 and a 12-month high of $28.00.

Several institutional investors have recently added to or reduced their stakes in the stock. LLBH Private Wealth Management LLC raised its holdings in shares of First Trust Energy Income & Growth Fund by 47.4% in the third quarter. LLBH Private Wealth Management LLC now owns 467,338 shares of the company’s stock valued at $10,523,000 after buying an additional 150,310 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of First Trust Energy Income & Growth Fund by 6.2% in the third quarter. Commonwealth Equity Services LLC now owns 48,501 shares of the company’s stock valued at $1,077,000 after buying an additional 2,822 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of First Trust Energy Income & Growth Fund in the third quarter valued at about $213,000. Doliver Capital Advisors LP raised its holdings in shares of First Trust Energy Income & Growth Fund by 167.0% in the third quarter. Doliver Capital Advisors LP now owns 47,616 shares of the company’s stock valued at $1,058,000 after buying an additional 29,782 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of First Trust Energy Income & Growth Fund by 9.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 36,578 shares of the company’s stock valued at $812,000 after buying an additional 3,136 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This news story was first reported by WKRB News and is owned by of WKRB News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.wkrb13.com/2018/11/11/first-trust-energy-income-growth-fund-fen-short-interest-down-92-6-in-october.html.

First Trust Energy Income & Growth Fund Company Profile

First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services.

Further Reading: Why do earnings reports matter?

Receive News & Ratings for First Trust Energy Income & Growth Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Energy Income & Growth Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply