Today, First Trust Energy Income & Growth Fund (FEN) Sees Significant Drop in Short Interest

Today, First Trust Energy Income & Growth Fund (FEN) Sees Significant Drop in Short Interest
First Trust Energy Income & Growth Fund (NYSE:FEN) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 13,987 shares, a decline of 65.7% from the October 31st total of 40,724 shares. Based on an average daily trading volume, of 76,559 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Shares of First Trust Energy Income & Growth Fund (NYSE:FEN) opened at 25.85 on Friday. The stock’s market cap is $500.64 million. First Trust Energy Income & Growth Fund has a 12 month low of $15.67 and a 12 month high of $27.25. The stock’s 50 day moving average is $25.37 and its 200 day moving average is $25.27.

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