First Trust Global Wind Energy ETF (NYSEARCA:FAN) Short Interest Down 54.9% in April

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 103,322 shares, a decline of 54.9% from the April 15th total of 229,255 shares. Based on an average daily trading volume, of 90,038 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Trading of First Trust Global Wind Energy ETF

Several hedge funds have recently modified their holdings of FAN. JPMorgan Chase & Co. increased its stake in shares of First Trust Global Wind Energy ETF by 1,068.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock valued at $45,000 after acquiring an additional 2,286 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of First Trust Global Wind Energy ETF in the 2nd quarter valued at $284,000. Osaic Holdings Inc. increased its stake in shares of First Trust Global Wind Energy ETF by 16.5% in the 2nd quarter. Osaic Holdings Inc. now owns 34,569 shares of the company’s stock valued at $627,000 after acquiring an additional 4,887 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of First Trust Global Wind Energy ETF by 134.1% in the 3rd quarter. Global Retirement Partners LLC now owns 3,015 shares of the company’s stock valued at $58,000 after acquiring an additional 1,727 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in shares of First Trust Global Wind Energy ETF in the 3rd quarter valued at $2,152,000.

First Trust Global Wind Energy ETF Stock Performance

Shares of FAN stock traded down $0.70 during trading hours on Friday, hitting $25.83. 87,816 shares of the company were exchanged, compared to its average volume of 82,043. The company has a 50 day simple moving average of $25.17 and a two-hundred day simple moving average of $22.69. The firm has a market cap of $269.92 million, a P/E ratio of 19.71 and a beta of 0.85. First Trust Global Wind Energy ETF has a fifty-two week low of $16.57 and a fifty-two week high of $27.30.

About First Trust Global Wind Energy ETF

First Trust ISE Global Wind Energy Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, of an equity index called the ISE Global Wind Energy Index. The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks that comprise the Index or in depositary receipts that may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively, Depositary Receipts) representing securities in the Index.