First Trust MLP and Energy Income Fund (NYSE:FEI) Sees Large Growth in Short Interest

First Trust MLP and Energy Income Fund (NYSE:FEI) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 24,600 shares, an increase of 192.9% from the March 31st total of 8,400 shares. Based on an average daily trading volume, of 128,900 shares, the days-to-cover ratio is currently 0.2 days.

First Trust MLP and Energy Income Fund Stock Down 0.2 %

Shares of FEI stock opened at $9.79 on Friday. The stock has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $8.80. First Trust MLP and Energy Income Fund has a 1-year low of $7.29 and a 1-year high of $9.84.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Saba Capital Management L.P. raised its stake in shares of First Trust MLP and Energy Income Fund by 17.6% during the 3rd quarter. Saba Capital Management L.P. now owns 3,386,641 shares of the company’s stock worth $26,788,000 after buying an additional 507,569 shares during the period. UBS Group AG raised its stake in First Trust MLP and Energy Income Fund by 1.4% in the 3rd quarter. UBS Group AG now owns 490,498 shares of the company’s stock valued at $3,880,000 after purchasing an additional 6,605 shares during the last quarter. Cohen & Steers Inc. raised its stake in First Trust MLP and Energy Income Fund by 16.9% in the 4th quarter. Cohen & Steers Inc. now owns 428,575 shares of the company’s stock valued at $3,673,000 after purchasing an additional 62,000 shares during the last quarter. Anfield Capital Management LLC raised its stake in First Trust MLP and Energy Income Fund by 0.9% in the 3rd quarter. Anfield Capital Management LLC now owns 327,603 shares of the company’s stock valued at $2,591,000 after purchasing an additional 2,896 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in First Trust MLP and Energy Income Fund by 53.4% in the 4th quarter. Wolverine Asset Management LLC now owns 326,185 shares of the company’s stock valued at $2,795,000 after purchasing an additional 113,583 shares during the last quarter.

First Trust MLP and Energy Income Fund Company Profile

First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors.