First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Shorted: Short Interest Down 52.1% in October

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 115,376 shares, a decline of 52.1% from the September 30th total of 240,921 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 271,594 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several institutional investors and hedge funds have recently bought and sold shares of EMLP. Integrity Alliance LLC. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth about $219,000. Signature Equity Partners LLC purchased a new position in First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $169,000. ARQ Wealth Advisors LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 0.8% in the third quarter. ARQ Wealth Advisors LLC now owns 89,048 shares of the exchange traded fund’s stock valued at $3,650,000 after buying an additional 687 shares during the period. Intrua Financial LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 27.0% in the third quarter. Intrua Financial LLC now owns 9,814 shares of the exchange traded fund’s stock valued at $402,000 after buying an additional 2,084 shares during the period. Finally, International Assets Investment Management LLC lifted its position in First Trust North American Energy Infrastructure Fund by 531.9% during the third quarter. International Assets Investment Management LLC now owns 42,448 shares of the exchange traded fund’s stock valued at $1,740,000 after buying an additional 35,731 shares in the last quarter.

First Trust North American Energy Infrastructure Fund Trading Up 0.0%

Shares of NYSEARCA EMLP traded up $0.02 on Friday, reaching $44.62. 122,133 shares of the company traded hands, compared to its average volume of 278,771. The stock has a market capitalization of $4.27 billion, a PE ratio of 17.59 and a beta of 0.57. First Trust North American Energy Infrastructure Fund has a fifty-two week low of $37.18 and a fifty-two week high of $45.23. The company has a 50 day moving average of $43.14 and a 200 day moving average of $43.13.

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.