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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 822,644 shares, an increase of 53.3% from the August 31st total of 536,606 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 285,615 shares, the days-to-cover ratio is currently 2.9 days.

First Trust North American Energy Infrastructure Fund Stock Performance

NYSEARCA EMLP opened at $41.27 on Friday. First Trust North American Energy Infrastructure Fund has a twelve month low of $37.18 and a twelve month high of $45.23. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The firm’s 50 day moving average price is $43.58 and its two-hundred day moving average price is $43.65.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in First Trust North American Energy Infrastructure Fund by 12.0% during the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after buying an additional 256,270 shares during the period. Wealthspire Advisors LLC boosted its position in First Trust North American Energy Infrastructure Fund by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 2,165,019 shares of the exchange traded fund’s stock worth $81,989,000 after acquiring an additional 51,817 shares during the period. Glenmede Trust Co. NA boosted its position in First Trust North American Energy Infrastructure Fund by 2.5% during the 1st quarter. Glenmede Trust Co. NA now owns 1,081,366 shares of the exchange traded fund’s stock worth $47,212,000 after acquiring an additional 25,901 shares during the period. Rockefeller Capital Management L.P. grew its stake in First Trust North American Energy Infrastructure Fund by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 967,390 shares of the exchange traded fund’s stock valued at $36,635,000 after acquiring an additional 76,535 shares in the last quarter. Finally, Disciplina Capital Management LLC grew its stake in First Trust North American Energy Infrastructure Fund by 2.1% during the 4th quarter. Disciplina Capital Management LLC now owns 932,032 shares of the exchange traded fund’s stock valued at $35,296,000 after acquiring an additional 18,798 shares in the last quarter.

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.