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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 233,692 shares, an increase of 42.8% from the November 30th total of 163,613 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 206,316 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 206,316 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

First Trust North American Energy Infrastructure Fund Stock Performance

Shares of First Trust North American Energy Infrastructure Fund stock traded up $0.11 during trading on Monday, reaching $37.91. The company had a trading volume of 166,994 shares, compared to its average volume of 260,162. First Trust North American Energy Infrastructure Fund has a fifty-two week low of $32.62 and a fifty-two week high of $39.29. The firm’s fifty day moving average is $38.16 and its 200-day moving average is $37.89. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Forefront Wealth Partners LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth about $9,934,000. Bank of America Corp DE grew its position in First Trust North American Energy Infrastructure Fund by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 1,906,011 shares of the exchange traded fund’s stock worth $71,494,000 after purchasing an additional 164,425 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the second quarter valued at approximately $5,785,000. Raymond James Financial Inc. raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 22.9% during the second quarter. Raymond James Financial Inc. now owns 764,018 shares of the exchange traded fund’s stock valued at $28,658,000 after buying an additional 142,472 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of First Trust North American Energy Infrastructure Fund by 10.6% during the first quarter. Royal Bank of Canada now owns 1,453,402 shares of the exchange traded fund’s stock worth $54,487,000 after buying an additional 139,189 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.