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 drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,000 shares, a drop of 80.0% from the December 15th total of 40,000 shares. Based on an average daily volume of 146,900 shares, the short-interest ratio is presently 0.1 days.

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

A number of hedge funds have recently added to or reduced their stakes in FPF. Wilmington Savings Fund Society FSB acquired a new position in First Trust Intermediate Duration Preferred & Income Fund during the third quarter valued at approximately $35,000. Garden State Investment Advisory Services LLC acquired a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter worth $203,000. Harmony Asset Management LLC bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter worth $221,000. Sanctuary Advisors LLC acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund in the second quarter valued at about $227,000. Finally, Intellectus Partners LLC raised its stake in First Trust Intermediate Duration Preferred & Income Fund by 14.3% during the third quarter. Intellectus Partners LLC now owns 17,130 shares of the company’s stock worth $335,000 after acquiring an additional 2,146 shares in the last quarter.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

NYSE FPF traded up $0.14 during trading on Tuesday, reaching $18.16. The company’s stock had a trading volume of 105,029 shares, compared to its average volume of 115,279. The firm has a 50 day moving average price of $18.44 and a 200 day moving average price of $18.62. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $16.50 and a 12 month high of $19.74.

First Trust Intermediate Duration Preferred & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.1375 dividend. This represents a $1.65 annualized dividend and a dividend yield of 9.09%. The ex-dividend date of this dividend is Tuesday, December 31st.

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.