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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 136,793 shares, an increase of 336.7% from the April 15th total of 31,324 shares. Based on an average trading volume of 208,038 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

First Trust North American Energy Infrastructure Fund Trading Up 1.1%

EMLP traded up $0.48 during mid-day trading on Thursday, hitting $44.12. 237,159 shares of the stock were exchanged, compared to its average volume of 266,378. The firm’s fifty day moving average is $43.68 and its two-hundred day moving average is $40.85. First Trust North American Energy Infrastructure Fund has a 1-year low of $36.29 and a 1-year high of $44.76. The company has a market cap of $4.02 billion, a PE ratio of 17.59 and a beta of 0.59.

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

Several hedge funds have recently bought and sold shares of the company. Lee Johnson Capital Management LLC raised its position in First Trust North American Energy Infrastructure Fund by 2.6% in the 1st quarter. Lee Johnson Capital Management LLC now owns 9,677 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 248 shares in the last quarter. Wagner Wealth Management LLC raised its position in First Trust North American Energy Infrastructure Fund by 0.7% in the 1st quarter. Wagner Wealth Management LLC now owns 39,222 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 257 shares in the last quarter. Compound Planning Inc. raised its position in First Trust North American Energy Infrastructure Fund by 2.4% in the 4th quarter. Compound Planning Inc. now owns 10,816 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 258 shares in the last quarter. Silver Oak Securities Incorporated raised its position in First Trust North American Energy Infrastructure Fund by 1.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 23,299 shares of the exchange traded fund’s stock valued at $887,000 after purchasing an additional 287 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in First Trust North American Energy Infrastructure Fund by 10.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,295 shares of the exchange traded fund’s stock valued at $125,000 after purchasing an additional 302 shares in the last quarter.

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.