Short Interest in First Trust Global Wind Energy ETF (NYSEARCA:FAN) Increases By 58.0%

First Trust Global Wind Energy ETF (NYSEARCA:FAN) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 148,790 shares, an increase of 58.0% from the February 26th total of 94,192 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 72,090 shares, the days-to-cover ratio is presently 2.1 days.

First Trust Global Wind Energy ETF Stock Performance

NYSEARCA:FAN traded down $0.41 during trading hours on Friday, reaching $23.62. The company’s stock had a trading volume of 41,468 shares, compared to its average volume of 58,545. The stock has a 50 day moving average price of $23.32 and a two-hundred day moving average price of $21.23. The company has a market capitalization of $230.30 million, a P/E ratio of 19.71 and a beta of 0.90. First Trust Global Wind Energy ETF has a 12 month low of $13.51 and a 12 month high of $24.60.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. UBS Group AG grew its stake in shares of First Trust Global Wind Energy ETF by 222.3% during the fourth quarter. UBS Group AG now owns 412,320 shares of the company’s stock worth $8,440,000 after acquiring an additional 284,371 shares during the last quarter. Truist Financial Corp acquired a new stake in First Trust Global Wind Energy ETF in the 3rd quarter worth approximately $2,152,000. Wells Fargo & Company MN grew its position in First Trust Global Wind Energy ETF by 31.7% during the 4th quarter. Wells Fargo & Company MN now owns 442,991 shares of the company’s stock worth $9,068,000 after purchasing an additional 106,705 shares during the last quarter. Concorde Asset Management LLC purchased a new stake in First Trust Global Wind Energy ETF during the 4th quarter worth approximately $1,750,000. Finally, Benjamin Edwards Inc. acquired a new position in First Trust Global Wind Energy ETF during the 3rd quarter valued at approximately $1,572,000.

First Trust Global Wind Energy ETF Company Profile

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.