First Trust Global Wind Energy ETF (NYSEARCA:FAN) Short Interest Update

First Trust Global Wind Energy ETF (NYSEARCA:FAN) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 103,322 shares, a decline of 54.9% from the April 15th total of 229,255 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 90,038 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On First Trust Global Wind Energy ETF

A number of hedge funds have recently modified their holdings of FAN. Godfrey Financial Associates Inc. bought a new stake in shares of First Trust Global Wind Energy ETF in the 4th quarter worth approximately $26,000. JPMorgan Chase & Co. raised its holdings in shares of First Trust Global Wind Energy ETF by 1,068.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock worth $45,000 after purchasing an additional 2,286 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of First Trust Global Wind Energy ETF by 44.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock worth $58,000 after purchasing an additional 928 shares during the period. Global Retirement Partners LLC raised its holdings in shares of First Trust Global Wind Energy ETF by 134.1% in the 3rd quarter. Global Retirement Partners LLC now owns 3,015 shares of the company’s stock worth $58,000 after purchasing an additional 1,727 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in First Trust Global Wind Energy ETF by 142.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,137 shares of the company’s stock valued at $85,000 after buying an additional 2,431 shares in the last quarter.

First Trust Global Wind Energy ETF Trading Down 2.6%

Shares of NYSEARCA:FAN traded down $0.70 during mid-day trading on Friday, reaching $25.83. The company had a trading volume of 87,816 shares, compared to its average volume of 82,043. The firm has a market cap of $269.92 million, a price-to-earnings ratio of 19.71 and a beta of 0.85. The company’s 50-day moving average price is $25.17 and its 200-day moving average price is $22.71. First Trust Global Wind Energy ETF has a one year low of $16.57 and a one year high of $27.30.

About First Trust Global Wind Energy ETF

First Trust ISE Global Wind Energy Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, of an equity index called the ISE Global Wind Energy Index. The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks that comprise the Index or in depositary receipts that may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively, Depositary Receipts) representing securities in the Index.