First Trust Global Wind Energy ETF (NYSEARCA:FAN) Sees Significant Decrease in Short Interest

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 103,322 shares, a decline of 54.9% from the April 15th total of 229,255 shares. Based on an average daily volume of 90,038 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FAN. UBS Group AG boosted its position in shares of First Trust Global Wind Energy ETF by 222.3% during the 4th 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 in the last quarter. Truist Financial Corp acquired a new position in shares of First Trust Global Wind Energy ETF during the 3rd quarter worth about $2,152,000. Wells Fargo & Company MN boosted its position in shares of 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 acquiring an additional 106,705 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of First Trust Global Wind Energy ETF during the 4th quarter worth about $1,750,000. Finally, Forty three Eighteen Advisors LLC acquired a new position in shares of First Trust Global Wind Energy ETF during the 1st quarter worth about $1,550,000.

First Trust Global Wind Energy ETF Trading Down 2.6%

FAN traded down $0.70 on Friday, hitting $25.83. 87,816 shares of the company were exchanged, compared to its average volume of 82,043. First Trust Global Wind Energy ETF has a twelve month low of $16.57 and a twelve month high of $27.30. The company has a market cap of $269.92 million, a price-to-earnings ratio of 19.71 and a beta of 0.85. The firm has a 50-day moving average price of $25.17 and a two-hundred day moving average price of $22.71.

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.