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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 34,800 shares, an increase of 11.9% from the October 31st total of 31,100 shares. Based on an average trading volume of 143,900 shares, the short-interest ratio is currently 0.2 days.

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

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

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.1 %

FPF traded down $0.01 during trading hours on Tuesday, reaching $18.70. The company’s stock had a trading volume of 165,583 shares, compared to its average volume of 156,173. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $15.66 and a 52 week high of $19.74. The company’s 50-day moving average is $19.01 and its 200-day moving average is $18.52.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

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

About First Trust Intermediate Duration Preferred & Income Fund

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.