First Trust Energy Income & Growth Fund (FEN) Short Interest Update

First Trust Energy Income & Growth Fund (NYSEAMERICAN:FEN) saw a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 107,220 shares, a growth of 773.3% from the December 15th total of 12,277 shares. Based on an average trading volume of 133,337 shares, the short-interest ratio is presently 0.8 days.

Shares of First Trust Energy Income & Growth Fund (FEN) opened at $27.40 on Friday. First Trust Energy Income & Growth Fund has a one year low of $21.34 and a one year high of $28.48.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 23rd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 8.47%. The ex-dividend date is Monday, January 22nd.

Large investors have recently made changes to their positions in the business. Doliver Capital Advisors LP raised its stake in First Trust Energy Income & Growth Fund by 30.4% during the 3rd quarter. Doliver Capital Advisors LP now owns 24,973 shares of the company’s stock valued at $616,000 after purchasing an additional 5,826 shares during the period. Private Vista LLC raised its stake in First Trust Energy Income & Growth Fund by 367.9% during the 3rd quarter. Private Vista LLC now owns 54,826 shares of the company’s stock valued at $1,351,000 after purchasing an additional 43,108 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in First Trust Energy Income & Growth Fund by 6.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 41,382 shares of the company’s stock valued at $1,020,000 after purchasing an additional 2,427 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in First Trust Energy Income & Growth Fund by 9.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 28,505 shares of the company’s stock valued at $703,000 after purchasing an additional 2,433 shares during the period. Finally, David R. Rahn & Associates Inc. acquired a new stake in First Trust Energy Income & Growth Fund during the 3rd quarter valued at $1,476,000.

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About First Trust Energy Income & Growth Fund

First Trust Energy Income and Growth Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund seeks to provide its shareholders with a vehicle to invest in a portfolio of securities of energy companies.

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