Short Interest in First Trust Global Wind Energy ETF (NYSEARCA:FAN) Drops By 58.5%

First Trust Global Wind Energy ETF (NYSEARCA:FAN) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 73,676 shares, a decrease of 58.5% from the November 30th total of 177,549 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 28,174 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 28,174 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Global Wind Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Global Wind Energy ETF by 206.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,706 shares of the company’s stock worth $33,000 after purchasing an additional 1,150 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Trust Global Wind Energy ETF by 1,068.2% during the second quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock worth $45,000 after buying an additional 2,286 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in First Trust Global Wind Energy ETF by 44.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock worth $58,000 after buying an additional 928 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of First Trust Global Wind Energy ETF by 134.1% in the third quarter. Global Retirement Partners LLC now owns 3,015 shares of the company’s stock valued at $58,000 after buying an additional 1,727 shares in the last quarter. Finally, MAI Capital Management grew its holdings in shares of First Trust Global Wind Energy ETF by 28.3% during the third quarter. MAI Capital Management now owns 6,878 shares of the company’s stock valued at $132,000 after buying an additional 1,517 shares during the last quarter.

First Trust Global Wind Energy ETF Trading Down 0.2%

First Trust Global Wind Energy ETF stock traded down $0.05 during midday trading on Friday, reaching $20.49. The stock had a trading volume of 4,628 shares, compared to its average volume of 49,252. The company has a fifty day moving average price of $20.11 and a two-hundred day moving average price of $19.31. First Trust Global Wind Energy ETF has a 12 month low of $13.51 and a 12 month high of $20.85. The company has a market capitalization of $190.56 million, a P/E ratio of 19.71 and a beta of 0.90.

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.