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 target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 261,445 shares, an increase of 91.1% from the April 30th total of 136,793 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 264,828 shares, the short-interest ratio is presently 1.0 days.

First Trust North American Energy Infrastructure Fund Trading Down 0.8%

NYSEARCA:EMLP opened at $42.52 on Tuesday. The firm has a market cap of $3.88 billion, a P/E ratio of 17.59 and a beta of 0.59. The stock’s 50 day simple moving average is $43.71 and its 200-day simple moving average is $41.36. First Trust North American Energy Infrastructure Fund has a 12-month low of $36.70 and a 12-month high of $44.76.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 47,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 950 shares in the last quarter. Assetmark Inc. boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 71.7% in the fourth quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 406 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the first quarter valued at approximately $41,000.

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.