Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Expands By 42.8%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 233,692 shares, an increase of 42.8% from the November 30th total of 163,613 shares. Based on an average daily volume of 206,316 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 206,316 shares, the short-interest ratio is presently 1.1 days.

First Trust North American Energy Infrastructure Fund Price Performance

Shares of EMLP stock traded down $0.18 on Wednesday, hitting $37.87. 219,797 shares of the company’s stock were exchanged, compared to its average volume of 260,212. First Trust North American Energy Infrastructure Fund has a 12 month low of $32.62 and a 12 month high of $39.29. The company has a 50 day moving average of $38.15 and a 200 day moving average of $37.90. The stock has a market cap of $3.34 billion, a P/E ratio of 17.59 and a beta of 0.65.

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

Institutional investors have recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the second quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter valued at about $33,000. Root Financial Partners LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth about $35,000. JFS Wealth Advisors LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter valued at approximately $38,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the first quarter valued at approximately $47,000.

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.