First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Significant Drop in Short Interest

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 240,921 shares, a drop of 70.7% from the September 15th total of 822,644 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 438,927 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of large investors have recently made changes to their positions in the stock. First Heartland Consultants Inc. acquired a new position in First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at about $926,000. Farther Finance Advisors LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 260.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 57,351 shares of the exchange traded fund’s stock worth $2,351,000 after purchasing an additional 41,462 shares during the last quarter. Eastern Bank acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth about $85,000. Integrated Wealth Concepts LLC acquired a new stake in First Trust North American Energy Infrastructure Fund during the second quarter worth approximately $872,000. Finally, Waverly Advisors LLC boosted its position in First Trust North American Energy Infrastructure Fund by 2.4% during the second quarter. Waverly Advisors LLC now owns 51,286 shares of the exchange traded fund’s stock worth $2,231,000 after acquiring an additional 1,217 shares during the last quarter.

First Trust North American Energy Infrastructure Fund Price Performance

First Trust North American Energy Infrastructure Fund stock traded up $0.19 during mid-day trading on Monday, hitting $42.55. 195,918 shares of the company were exchanged, compared to its average volume of 276,712. First Trust North American Energy Infrastructure Fund has a 12-month low of $37.18 and a 12-month high of $45.23. The company has a market capitalization of $4.07 billion, a P/E ratio of 17.59 and a beta of 0.57. The business’s 50 day simple moving average is $43.33 and its two-hundred day simple moving average is $43.58.

First Trust North American Energy Infrastructure Fund Company Profile

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.