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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 337,418 shares, an increase of 44.4% from the December 15th total of 233,692 shares. Based on an average daily trading volume, of 228,752 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 228,752 shares, the days-to-cover ratio is presently 1.5 days.

First Trust North American Energy Infrastructure Fund Price Performance

NYSEARCA EMLP traded up $0.27 during trading on Friday, hitting $39.32. The company’s stock had a trading volume of 243,398 shares, compared to its average volume of 287,209. First Trust North American Energy Infrastructure Fund has a fifty-two week low of $32.62 and a fifty-two week high of $39.34. The company has a market cap of $3.51 billion, a PE ratio of 17.59 and a beta of 0.65. The business’s 50 day simple moving average is $38.25 and its 200-day simple moving average is $37.97.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several large investors have recently bought and sold shares of EMLP. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 6.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,381 shares of the exchange traded fund’s stock worth $611,000 after buying an additional 943 shares during the period. Silver Oak Securities Incorporated raised its stake in First Trust North American Energy Infrastructure Fund by 23.4% in the 2nd quarter. Silver Oak Securities Incorporated now owns 21,279 shares of the exchange traded fund’s stock worth $798,000 after acquiring an additional 4,040 shares during the last quarter. Park Avenue Securities LLC purchased a new position in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth $258,000. AdvisorNet Financial Inc acquired a new stake in First Trust North American Energy Infrastructure Fund during the 2nd quarter worth about $79,000. Finally, Opal Wealth Advisors LLC grew its stake in First Trust North American Energy Infrastructure Fund by 29.4% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,904 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 433 shares during the last quarter.

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.