FIF Stock Summary and Trading Ideas (First Trust Energy Infrastructure Common Shares Of Beneficial Interest | NYSE:FIF)

First Trust Energy Infrastructure Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to shareholders by investing primarily in securities of companies engaged in the energy infrastructure sector. Energy infrastructure companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies (collectively, "Canadian Income Equities"), pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission and petroleum and natural gas storage in the petroleum, natural gas and power generation industries. For purposes of the Fund's investment objective, total return includes capital appreciation of, and all distributions received from, securities in which the Fund will invest, taking into account the varying tax characteristics of such securities.

First Trust Energy Infrastructure Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol FIF.

As of April 19, 2024, FIF stock price climbed to $18.05 with 88,291 million shares trading.

FIF has a beta of 0.47, meaning it tends to be less sensitive to market movements. FIF has a correlation of 0.07 to the broad based SPY ETF.

FIF has a market cap of $282.77 million. This is considered a Small Cap stock.

In the last 3 years, FIF stock traded as high as $18.56 and as low as $12.36.

FIF has outperformed the market in the last year with a price return of +27.1% while the SPY ETF gained +21.2%. FIF has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +14.8% and -1.2%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

FIF support price is $17.67 and resistance is $17.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FIF stock will trade within this expected range on the day.