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

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its position in shares of First Trust North American Energy Infrastructure Fund by 3.3% during the fourth quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock worth $700,993,000 after purchasing an additional 591,927 shares during the period. Forefront Wealth Partners LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at $9,934,000. Capital Investment Advisors LLC increased its stake in First Trust North American Energy Infrastructure Fund by 5.7% during the 4th quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after purchasing an additional 224,827 shares in the last quarter. Nvest Wealth Strategies Inc. acquired a new position in First Trust North American Energy Infrastructure Fund during the fourth quarter worth $8,276,000. Finally, Crusonia Wealth Advisors LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at $7,522,000.

First Trust North American Energy Infrastructure Fund Stock Performance

Shares of EMLP stock opened at $43.81 on Friday. First Trust North American Energy Infrastructure Fund has a fifty-two week low of $32.62 and a fifty-two week high of $44.14. The stock has a 50 day simple moving average of $41.17 and a two-hundred day simple moving average of $39.14. The company has a market cap of $3.92 billion, a P/E ratio of 17.59 and a beta of 0.65.

About First Trust North American Energy Infrastructure Fund

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.