First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Short Interest Down 48.6% in January

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large decrease in short interest during the month of 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 volume of 291,640 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 291,640 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 6.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,381 shares of the exchange traded fund’s stock valued at $611,000 after acquiring an additional 943 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth approximately $258,000. Truist Financial Corp increased its holdings in First Trust North American Energy Infrastructure Fund by 15.8% in the second quarter. Truist Financial Corp now owns 24,572 shares of the exchange traded fund’s stock valued at $922,000 after buying an additional 3,354 shares in the last quarter. Keystone Financial Group Inc. boosted its position in First Trust North American Energy Infrastructure Fund by 21.5% during the second quarter. Keystone Financial Group Inc. now owns 77,458 shares of the exchange traded fund’s stock worth $2,922,000 after purchasing an additional 13,694 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 34.5% during the second quarter. DAVENPORT & Co LLC now owns 7,397 shares of the exchange traded fund’s stock valued at $277,000 after purchasing an additional 1,898 shares in the last quarter.

First Trust North American Energy Infrastructure Fund Stock Down 0.3%

First Trust North American Energy Infrastructure Fund stock traded down $0.12 during midday trading on Friday, reaching $40.10. 150,496 shares of the stock traded hands, compared to its average volume of 263,090. First Trust North American Energy Infrastructure Fund has a 12 month low of $32.62 and a 12 month high of $40.43. The stock’s fifty day moving average is $38.50 and its 200-day moving average is $38.14. The stock has a market cap 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.