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 target of a large decline in short interest during 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. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 90,038 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On First Trust Global Wind Energy ETF

Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in shares of First Trust Global Wind Energy ETF by 31.7% in the 4th quarter. Wells Fargo & Company MN now owns 442,991 shares of the company’s stock worth $9,068,000 after buying an additional 106,705 shares during the last quarter. UBS Group AG boosted its stake in shares of First Trust Global Wind Energy ETF by 222.3% in the 4th quarter. UBS Group AG now owns 412,320 shares of the company’s stock worth $8,440,000 after buying an additional 284,371 shares during the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Global Wind Energy ETF by 18.7% in the 4th quarter. LPL Financial LLC now owns 284,838 shares of the company’s stock worth $5,831,000 after buying an additional 44,814 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Global Wind Energy ETF by 10.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 205,734 shares of the company’s stock worth $4,211,000 after buying an additional 19,943 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of First Trust Global Wind Energy ETF by 11.1% in the 4th quarter. Royal Bank of Canada now owns 164,547 shares of the company’s stock worth $3,368,000 after buying an additional 16,488 shares during the last quarter.

First Trust Global Wind Energy ETF Stock Down 2.6%

FAN stock traded down $0.70 during mid-day trading on Friday, reaching $25.83. 87,816 shares of the company traded hands, compared to its average volume of 82,043. The stock has a market cap of $269.92 million, a price-to-earnings 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. The firm’s 50 day moving average price is $25.17 and its 200 day moving average price is $22.69.

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.