First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Significant Increase in Short Interest

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 262,403 shares, an increase of 50.5% from the February 12th total of 174,354 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 257,316 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 257,316 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are sold short.

First Trust North American Energy Infrastructure Fund Price Performance

NYSEARCA EMLP opened at $43.81 on Monday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65. First Trust North American Energy Infrastructure Fund has a 1-year low of $32.62 and a 1-year high of $44.14. The business’s fifty day moving average price is $41.17 and its 200-day moving average price is $39.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 26.7% in the 2nd quarter. AE Wealth Management LLC now owns 4,592 shares of the exchange traded fund’s stock worth $172,000 after purchasing an additional 968 shares during the period. Clearstead Trust LLC grew its position in First Trust North American Energy Infrastructure Fund by 462.0% during the second quarter. Clearstead Trust LLC now owns 3,372 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 2,772 shares during the period. Foundations Investment Advisors LLC purchased a new stake in First Trust North American Energy Infrastructure Fund during the second quarter valued at approximately $281,000. Creative Planning increased its holdings in First Trust North American Energy Infrastructure Fund by 4.1% during the second quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 415 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in First Trust North American Energy Infrastructure Fund by 12.0% in the second quarter. Cetera Investment Advisers now owns 142,165 shares of the exchange traded fund’s stock worth $5,333,000 after acquiring an additional 15,253 shares during the period.

First Trust North American Energy Infrastructure Fund Company Profile

The First Trust North American Energy Infrastructure Fund (EMLP) is an exchange-traded fund that is based on the Alerian MLP index. The fund is an actively managed fund that invests in North American energy infrastructure MLPs and LLCs. EMLP was launched on Jun 21, 2012 and is managed by First Trust.