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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 536,606 shares, an increase of 229.6% from the August 15th total of 162,808 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 196,234 shares, the days-to-cover ratio is currently 2.7 days.

First Trust North American Energy Infrastructure Fund Price Performance

NYSEARCA EMLP traded down $0.16 during trading hours on Friday, hitting $43.79. The company’s stock had a trading volume of 309,344 shares, compared to its average volume of 266,037. 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’s 50 day simple moving average is $44.10 and its two-hundred day simple moving average is $43.78. The company has a market cap of $4.11 billion, a P/E ratio of 17.59 and a beta of 0.56.

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. Creative Planning boosted its holdings in First Trust North American Energy Infrastructure Fund by 4.1% in the second quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 415 shares during the last quarter. First Trust Advisors LP grew its position in First Trust North American Energy Infrastructure Fund by 90.0% in the 2nd quarter. First Trust Advisors LP now owns 13,298 shares of the exchange traded fund’s stock worth $499,000 after purchasing an additional 6,298 shares during the period. Baird Financial Group Inc. raised its stake in First Trust North American Energy Infrastructure Fund by 3.7% during the 2nd quarter. Baird Financial Group Inc. now owns 86,427 shares of the exchange traded fund’s stock valued at $3,242,000 after buying an additional 3,116 shares during the last quarter. Qube Research & Technologies Ltd increased its position in First Trust North American Energy Infrastructure Fund by 233.4% during the second quarter. Qube Research & Technologies Ltd now owns 22,549 shares of the exchange traded fund’s stock valued at $846,000 after acquiring an additional 15,785 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in First Trust North American Energy Infrastructure Fund during the second quarter valued at $33,000.

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.