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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 822,644 shares, an increase of 53.3% from the August 31st total of 536,606 shares. Based on an average daily volume of 285,615 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Hedge funds have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the second quarter valued at $36,000. Bessemer Group Inc. acquired a new position in First Trust North American Energy Infrastructure Fund during the 1st quarter worth $41,000. CX Institutional grew its holdings in First Trust North American Energy Infrastructure Fund by 19.8% during the 2nd quarter. CX Institutional now owns 2,463 shares of the exchange traded fund’s stock worth $107,000 after acquiring an additional 407 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 1st quarter worth about $113,000. Finally, RFG Advisory LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 1st quarter worth about $224,000.

First Trust North American Energy Infrastructure Fund Stock Up 0.7%

EMLP stock opened at $41.54 on Friday. First Trust North American Energy Infrastructure Fund has a 52-week low of $37.18 and a 52-week high of $45.23. The stock’s 50 day moving average is $43.52 and its two-hundred day moving average is $43.64. The company has a market capitalization of $3.97 billion, a PE ratio of 17.59 and a beta of 0.56.

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.