First Trust Global Wind Energy ETF (NYSEARCA:FAN) Sees Significant Decline in Short Interest

First Trust Global Wind Energy ETF (NYSEARCA:FAN) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 79,819 shares, a decline of 49.4% from the May 31st total of 157,852 shares. Based on an average trading volume of 69,859 shares, the short-interest ratio is currently 1.1 days. Currently, 0.8% of the shares of the company are short sold.

First Trust Global Wind Energy ETF Stock Up 1.1%

Shares of First Trust Global Wind Energy ETF stock traded up $0.26 on Tuesday, hitting $24.96. The stock had a trading volume of 10,644 shares, compared to its average volume of 77,550. The stock has a market cap of $260.83 million, a price-to-earnings ratio of 19.71 and a beta of 0.83. First Trust Global Wind Energy ETF has a twelve month low of $18.05 and a twelve month high of $27.30. The business’s 50 day moving average is $25.75 and its two-hundred day moving average is $23.87.

Institutional Investors Weigh In On First Trust Global Wind Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG lifted its position in First Trust Global Wind Energy ETF by 222.3% during the fourth quarter. UBS Group AG now owns 412,320 shares of the company’s stock worth $8,440,000 after purchasing an additional 284,371 shares during the period. Wells Fargo & Company MN raised its position 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 valued at $9,068,000 after buying an additional 106,705 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of First Trust Global Wind Energy ETF in the 4th quarter valued at approximately $1,750,000. Forty three Eighteen Advisors LLC acquired a new position in First Trust Global Wind Energy ETF during the first quarter valued at approximately $1,550,000. Finally, Nilsine Partners LLC bought a new position in shares of First Trust Global Wind Energy ETF in the 4th quarter valued at $1,006,000.

First Trust Global Wind Energy ETF Company Profile

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.