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

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

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

Hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC grew its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 47,620 shares of the company’s stock valued at $875,000 after acquiring an additional 1,236 shares during the period. Onyx Bridge Wealth Group LLC raised its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.2% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 62,492 shares of the company’s stock valued at $1,148,000 after buying an additional 1,349 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 42,823 shares of the company’s stock valued at $836,000 after buying an additional 1,581 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 3rd quarter valued at about $35,000. Finally, Magnus Financial Group LLC raised its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 1.2% during the 2nd quarter. Magnus Financial Group LLC now owns 151,467 shares of the company’s stock valued at $2,782,000 after buying an additional 1,805 shares in the last quarter.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

Shares of FPF opened at $18.72 on Wednesday. First Trust Intermediate Duration Preferred & Income Fund has a one year low of $15.66 and a one year high of $19.74. The company has a 50-day simple moving average of $19.00 and a two-hundred day simple moving average of $18.52.

First Trust Intermediate Duration Preferred & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.1375 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.65 annualized dividend and a dividend yield of 8.81%.

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.