Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Decreases By 88.1%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 31,188 shares, a decline of 88.1% from the February 26th total of 262,403 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 358,270 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 358,270 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

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

Several large investors have recently modified their holdings of the business. Morgan Stanley increased its position in shares of First Trust North American Energy Infrastructure Fund by 3.3% during the 4th 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 last quarter. Capital Investment Advisors LLC lifted its position in First Trust North American Energy Infrastructure Fund by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after buying an additional 224,827 shares during the last quarter. AlTi Global Inc. lifted its position in First Trust North American Energy Infrastructure Fund by 0.3% in the fourth quarter. AlTi Global Inc. now owns 2,869,696 shares of the exchange traded fund’s stock valued at $108,675,000 after buying an additional 7,313 shares during the last quarter. Glenview Trust co boosted its stake in First Trust North American Energy Infrastructure Fund by 1.1% during the second quarter. Glenview Trust co now owns 2,592,515 shares of the exchange traded fund’s stock worth $97,245,000 after buying an additional 27,144 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in First Trust North American Energy Infrastructure Fund by 5.3% during the third quarter. Cresset Asset Management LLC now owns 2,463,288 shares of the exchange traded fund’s stock worth $94,319,000 after buying an additional 124,195 shares during the period.

First Trust North American Energy Infrastructure Fund Stock Performance

EMLP remained flat at $43.94 during trading hours on Wednesday. The company had a trading volume of 152,604 shares, compared to its average volume of 276,616. The stock has a market cap of $3.94 billion, a PE ratio of 17.59 and a beta of 0.65. First Trust North American Energy Infrastructure Fund has a 12-month low of $32.62 and a 12-month high of $44.30. The business has a fifty day moving average of $41.97 and a 200-day moving average of $39.45.

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.