Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Increases By 170.3%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 215,665 shares, an increase of 170.3% from the June 30th total of 79,795 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 217,865 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EMLP. Creative Planning boosted its holdings in First Trust North American Energy Infrastructure Fund by 4.1% during the 2nd quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 415 shares during the period. First Trust Advisors LP increased its stake in First Trust North American Energy Infrastructure Fund by 90.0% in the 2nd quarter. First Trust Advisors LP now owns 13,298 shares of the exchange traded fund’s stock worth $499,000 after purchasing an additional 6,298 shares during the period. Baird Financial Group Inc. lifted its position in First Trust North American Energy Infrastructure Fund by 3.7% in the second quarter. Baird Financial Group Inc. now owns 86,427 shares of the exchange traded fund’s stock valued at $3,242,000 after purchasing an additional 3,116 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in First Trust North American Energy Infrastructure Fund by 233.4% in the second quarter. Qube Research & Technologies Ltd now owns 22,549 shares of the exchange traded fund’s stock valued at $846,000 after purchasing an additional 15,785 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter valued at approximately $33,000.

First Trust North American Energy Infrastructure Fund Stock Performance

NYSEARCA:EMLP traded up $0.14 during mid-day trading on Tuesday, reaching $44.30. The stock had a trading volume of 618,045 shares, compared to its average volume of 272,759. The stock has a market capitalization of $4.14 billion, a P/E ratio of 17.59 and a beta of 0.56. The firm has a 50 day moving average price of $43.72 and a two-hundred day moving average price of $42.89. First Trust North American Energy Infrastructure Fund has a one year low of $37.16 and a one year high of $45.23.

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.