Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Rises By 170.3%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 215,665 shares, an increase of 170.3% from the June 30th total of 79,795 shares. Based on an average trading volume of 217,865 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the company are short sold.

First Trust North American Energy Infrastructure Fund Stock Performance

NYSEARCA EMLP traded down $0.01 during trading on Wednesday, hitting $44.29. 45,563 shares of the company’s stock traded hands, compared to its average volume of 271,064. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. First Trust North American Energy Infrastructure Fund has a 12-month low of $37.16 and a 12-month high of $45.23. The business has a 50 day moving average of $43.72 and a 200-day moving average of $42.94.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Institutional investors have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth about $31,000. Darwin Wealth Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the 2nd quarter worth approximately $33,000. Sound Income Strategies LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 47,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 950 shares during the period. Assetmark Inc. increased its holdings in First Trust North American Energy Infrastructure Fund by 71.7% during the 4th quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 406 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in First Trust North American Energy Infrastructure Fund in the 1st quarter worth approximately $41,000.

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.