First Trust Energy Income and Growth Fund (FEN) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Energy Income and Growth Fund shares that have been sold short but have not yet been closed out or covered. As of February 15th, investors have sold 5,900 shares of FEN short. Learn More on First Trust Energy Income and Growth Fund's current short interest.

First Trust Energy Income and Growth Fund saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 5,900 shares, a drop of 72.2% from the previous total of 21,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

Short selling FEN is an investing strategy that aims to generate trading profit from First Trust Energy Income and Growth Fund as its price is falling. FEN shares are trading down $0.03 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Energy Income and Growth Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of FEN, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including FEN, twice per month. The most recent reporting period available is February, 15 2024.