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 significant 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 volume of 128,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. increased its holdings in shares of First Trust MLP and Energy Income Fund by 17.6% in the third quarter. Saba Capital Management L.P. now owns 3,386,641 shares of the company’s stock valued at $26,788,000 after purchasing an additional 507,569 shares during the period. UBS Group AG grew its holdings in First Trust MLP and Energy Income Fund by 1.4% during the third quarter. UBS Group AG now owns 490,498 shares of the company’s stock worth $3,880,000 after acquiring an additional 6,605 shares during the period. Cohen & Steers Inc. grew its holdings in First Trust MLP and Energy Income Fund by 16.9% during the fourth quarter. Cohen & Steers Inc. now owns 428,575 shares of the company’s stock worth $3,673,000 after acquiring an additional 62,000 shares during the period. Anfield Capital Management LLC grew its holdings in First Trust MLP and Energy Income Fund by 0.9% during the third quarter. Anfield Capital Management LLC now owns 327,603 shares of the company’s stock worth $2,591,000 after acquiring an additional 2,896 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in First Trust MLP and Energy Income Fund by 53.4% during the fourth quarter. Wolverine Asset Management LLC now owns 326,185 shares of the company’s stock worth $2,795,000 after acquiring an additional 113,583 shares during the period.

First Trust MLP and Energy Income Fund Price Performance

NYSE:FEI opened at $9.79 on Friday. The stock’s 50 day simple moving average is $9.37 and its 200-day simple moving average is $8.80. First Trust MLP and Energy Income Fund has a 12-month low of $7.29 and a 12-month high of $9.84.

About First Trust MLP and Energy Income Fund

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.