First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Short Interest Update

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 173,295 shares, a decrease of 48.6% from the December 31st total of 337,418 shares. Based on an average daily trading volume, of 291,640 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 291,640 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Forefront Wealth Partners LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund in the third quarter worth $9,934,000. Capital Investment Advisors LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 5.7% during the 4th quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock worth $158,662,000 after purchasing an additional 224,827 shares in the last quarter. Nvest Wealth Strategies Inc. bought a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter worth about $8,276,000. Bank of America Corp DE grew its holdings in First Trust North American Energy Infrastructure Fund by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 1,906,011 shares of the exchange traded fund’s stock valued at $71,494,000 after buying an additional 164,425 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter valued at about $5,785,000.

First Trust North American Energy Infrastructure Fund Stock Performance

NYSEARCA EMLP opened at $40.10 on Friday. The stock has a fifty day moving average of $38.50 and a 200-day moving average of $38.15. First Trust North American Energy Infrastructure Fund has a 52 week low of $32.62 and a 52 week high of $40.43. The stock has a market capitalization of $3.59 billion, a P/E ratio of 17.59 and a beta of 0.65.

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.