First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Short Interest Update

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 78,600 shares, a growth of 125.9% from the November 15th total of 34,800 shares. Based on an average daily trading volume, of 145,300 shares, the short-interest ratio is presently 0.5 days.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

First Trust Intermediate Duration Preferred & Income Fund stock opened at $18.71 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $16.06 and a 52 week high of $19.74. The company’s 50-day moving average price is $18.88 and its two-hundred day moving average price is $18.57.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.1375 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.65 dividend on an annualized basis and a dividend yield of 8.82%.

Institutional Investors Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter valued at $35,000. Wetzel Investment Advisors Inc. acquired a new position in First Trust Intermediate Duration Preferred & Income Fund during the second quarter worth about $46,000. Garden State Investment Advisory Services LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund during the third quarter worth about $203,000. Harmony Asset Management LLC bought a new stake in First Trust Intermediate Duration Preferred & Income Fund in the third quarter worth about $221,000. Finally, Sanctuary Advisors LLC acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter valued at about $227,000.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.