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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 240,921 shares, a decrease of 70.7% from the September 15th total of 822,644 shares. Based on an average daily trading volume, of 438,927 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $926,000. Farther Finance Advisors LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 260.9% during the third quarter. Farther Finance Advisors LLC now owns 57,351 shares of the exchange traded fund’s stock worth $2,351,000 after acquiring an additional 41,462 shares during the period. Eastern Bank purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at about $85,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at approximately $872,000. Finally, Waverly Advisors LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 2.4% during the 2nd quarter. Waverly Advisors LLC now owns 51,286 shares of the exchange traded fund’s stock worth $2,231,000 after buying an additional 1,217 shares during the last quarter.

First Trust North American Energy Infrastructure Fund Stock Up 0.5%

EMLP stock traded up $0.19 during trading on Monday, hitting $42.55. The company had a trading volume of 195,918 shares, compared to its average volume of 276,712. The firm has a market cap of $4.07 billion, a PE ratio of 17.59 and a beta of 0.57. First Trust North American Energy Infrastructure Fund has a 1-year low of $37.18 and a 1-year high of $45.23. The firm has a 50-day moving average price of $43.33 and a 200-day moving average price of $43.58.

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.