Energy

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) Short Interest Up 49.0% in April


First Trust New Opportunities MLP & Energy Fund (NYSE:FPLGet Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 23,100 shares, an increase of 49.0% from the March 31st total of 15,500 shares. Based on an average trading volume of 129,200 shares, the short-interest ratio is currently 0.2 days.

Institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC bought a new stake in First Trust New Opportunities MLP & Energy Fund in the third quarter worth $69,000. Walleye Capital LLC bought a new stake in First Trust New Opportunities MLP & Energy Fund in the fourth quarter worth $75,000. Camelot Portfolios LLC bought a new stake in First Trust New Opportunities MLP & Energy Fund in the fourth quarter worth $75,000. Retirement Planning Co of New England Inc. bought a new stake in First Trust New Opportunities MLP & Energy Fund in the fourth quarter worth $97,000. Finally, Walleye Trading LLC bought a new stake in First Trust New Opportunities MLP & Energy Fund in the fourth quarter worth $102,000.

Shares of First Trust New Opportunities MLP & Energy Fund stock traded down $0.19 on Friday, hitting $6.09. 114,735 shares of the company traded hands, compared to its average volume of 142,722. The company has a 50-day moving average price of $6.18 and a 200 day moving average price of $5.88. First Trust New Opportunities MLP & Energy Fund has a 12-month low of $4.90 and a 12-month high of $6.78.

The business also recently declared a monthly dividend, which will be paid on Friday, July 15th. Stockholders of record on Tuesday, July 5th will be issued a dividend of $0.0375 per share. This represents a $0.45 annualized dividend and a dividend yield of 7.39%. The ex-dividend date is Friday, July 1st.

About First Trust New Opportunities MLP & Energy Fund (Get Rating)

First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced 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 and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors.

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