Short Interest in First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Decreases By 80.0%

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 8,000 shares, a decrease of 80.0% from the December 31st total of 40,000 shares. Based on an average daily volume of 146,900 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.2 %

Shares of NYSE FPF traded down $0.05 during mid-day trading on Wednesday, hitting $18.50. 107,762 shares of the company’s stock traded hands, compared to its average volume of 137,298. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $16.50 and a 1 year high of $19.74. The company’s 50-day moving average is $18.41 and its two-hundred day moving average is $18.64.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.1375 dividend. This represents a $1.65 annualized dividend and a dividend yield of 8.92%. The ex-dividend date is Monday, February 3rd.

Hedge Funds Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Several large investors have recently modified their holdings of FPF. Wilmington Savings Fund Society FSB bought a new stake in First Trust Intermediate Duration Preferred & Income Fund in the third quarter worth $35,000. Ballentine Partners LLC bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 4th quarter worth about $199,000. Garden State Investment Advisory Services LLC bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter worth about $203,000. Harmony Asset Management LLC purchased a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter worth about $221,000. Finally, Sanctuary Advisors LLC bought a new position in First Trust Intermediate Duration Preferred & Income Fund during 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.