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 during the month of December. As of December 15th, there was short interest totaling 73,676 shares, a decline of 58.5% from the November 30th total of 177,549 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 28,174 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 28,174 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Global Wind Energy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new position in shares of First Trust Global Wind Energy ETF during the 2nd quarter worth $319,000. Florin Court Capital LLP acquired a new position in First Trust Global Wind Energy ETF in the second quarter valued at about $625,000. Money Design Co. Ltd. boosted its stake in First Trust Global Wind Energy ETF by 18.9% during the second quarter. Money Design Co. Ltd. now owns 149,987 shares of the company’s stock worth $2,721,000 after buying an additional 23,858 shares during the period. Perkins Coie Trust Co increased its position in shares of First Trust Global Wind Energy ETF by 16.8% during the second quarter. Perkins Coie Trust Co now owns 61,599 shares of the company’s stock valued at $1,117,000 after acquiring an additional 8,870 shares during the last quarter. Finally, UBS Group AG increased its position in shares of First Trust Global Wind Energy ETF by 7.6% during the third quarter. UBS Group AG now owns 127,949 shares of the company’s stock valued at $2,458,000 after acquiring an additional 9,056 shares during the last quarter.

First Trust Global Wind Energy ETF Stock Performance

Shares of NYSEARCA FAN traded down $0.05 during midday trading on Friday, reaching $20.49. 4,628 shares of the stock were exchanged, compared to its average volume of 49,252. The stock has a market capitalization of $190.56 million, a P/E ratio of 19.71 and a beta of 0.90. The company has a 50 day simple moving average of $20.11 and a 200 day simple moving average of $19.30. First Trust Global Wind Energy ETF has a twelve month low of $13.51 and a twelve month high of $20.85.

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.