Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Declines By 88.1%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 31,188 shares, a decline of 88.1% from the February 26th total of 262,403 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 358,270 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 358,270 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its holdings in First Trust North American Energy Infrastructure Fund by 4.1% in the 2nd quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 415 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 12.0% during the 2nd quarter. Cetera Investment Advisers now owns 142,165 shares of the exchange traded fund’s stock valued at $5,333,000 after purchasing an additional 15,253 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the second quarter valued at about $632,000. GM Advisory Group LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the second quarter valued at about $243,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in First Trust North American Energy Infrastructure Fund by 358.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 43,088 shares of the exchange traded fund’s stock worth $1,616,000 after buying an additional 33,686 shares in the last quarter.

First Trust North American Energy Infrastructure Fund Stock Up 1.1%

Shares of NYSEARCA EMLP traded up $0.46 during midday trading on Tuesday, reaching $43.94. The company had a trading volume of 192,066 shares, compared to its average volume of 279,037. The stock has a market cap of $3.94 billion, a PE ratio of 17.59 and a beta of 0.65. First Trust North American Energy Infrastructure Fund has a one year low of $32.62 and a one year high of $44.30. The firm’s fifty day moving average price is $41.97 and its 200-day moving average price is $39.45.

First Trust North American Energy Infrastructure Fund Company Profile

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.