First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) Short Interest Update

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FENGet Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 21,200 shares, a growth of 247.5% from the January 15th total of 6,100 shares. Based on an average daily trading volume, of 52,200 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Energy Income and Growth Fund

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in First Trust Energy Income and Growth Fund by 153.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,650 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth about $181,000. Private Advisor Group LLC acquired a new stake in shares of First Trust Energy Income and Growth Fund during the 1st quarter valued at about $193,000. Cetera Advisor Networks LLC purchased a new position in shares of First Trust Energy Income and Growth Fund in the 1st quarter valued at about $194,000. Finally, Bank of Montreal Can acquired a new position in First Trust Energy Income and Growth Fund in the 1st quarter worth about $250,000.

First Trust Energy Income and Growth Fund Price Performance

Shares of FEN opened at $14.28 on Tuesday. First Trust Energy Income and Growth Fund has a 52 week low of $12.03 and a 52 week high of $15.00.

First Trust Energy Income and Growth Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 23rd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, January 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.40%.

First Trust Energy Income and Growth Fund Company Profile

(Get Free Report)

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.

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