Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Rises By 50.5%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 262,403 shares, an increase of 50.5% from the February 12th total of 174,354 shares. Based on an average daily trading volume, of 257,316 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 257,316 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMLP. Kohmann Bosshard Financial Services LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at $31,000. Darwin Wealth Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the second quarter worth $33,000. Root Financial Partners LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the third quarter valued at $35,000. Sound Income Strategies LLC lifted its stake in First Trust North American Energy Infrastructure Fund by 47,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 950 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of First Trust North American Energy Infrastructure Fund by 71.7% in the 4th quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 406 shares during the period.

First Trust North American Energy Infrastructure Fund Stock Performance

NYSEARCA EMLP traded up $0.28 during trading on Friday, hitting $43.81. The stock had a trading volume of 259,346 shares, compared to its average volume of 277,176. First Trust North American Energy Infrastructure Fund has a 12 month low of $32.62 and a 12 month high of $44.14. The company’s 50-day moving average price is $41.17 and its two-hundred day moving average price is $39.15. The company has a market capitalization of $3.92 billion, a PE ratio of 17.59 and a beta of 0.65.

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.