First Trust Global Wind Energy ETF (NYSEARCA:FAN) Short Interest Update

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 73,676 shares, a decrease of 58.5% from the November 30th total of 177,549 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 28,174 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 28,174 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust Global Wind Energy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FAN. Susquehanna International Group LLP increased its holdings in First Trust Global Wind Energy ETF by 88.4% in the 3rd quarter. Susquehanna International Group LLP now owns 61,044 shares of the company’s stock valued at $1,173,000 after purchasing an additional 28,646 shares in the last quarter. Citadel Advisors LLC lifted its stake in shares of First Trust Global Wind Energy ETF by 241.7% during the third quarter. Citadel Advisors LLC now owns 55,568 shares of the company’s stock worth $1,067,000 after purchasing an additional 39,307 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Global Wind Energy ETF by 12.2% in the third quarter. Raymond James Financial Inc. now owns 32,065 shares of the company’s stock worth $616,000 after buying an additional 3,482 shares during the period. UBS Group AG grew its stake in shares of First Trust Global Wind Energy ETF by 7.6% in the third quarter. UBS Group AG now owns 127,949 shares of the company’s stock valued at $2,458,000 after buying an additional 9,056 shares in the last quarter. Finally, MAI Capital Management grew its stake in shares of First Trust Global Wind Energy ETF by 28.3% in the third quarter. MAI Capital Management now owns 6,878 shares of the company’s stock valued at $132,000 after buying an additional 1,517 shares in the last quarter.

First Trust Global Wind Energy ETF Stock Performance

NYSEARCA FAN opened at $20.54 on Friday. The firm has a market capitalization of $191.02 million, a price-to-earnings ratio of 19.71 and a beta of 0.90. First Trust Global Wind Energy ETF has a one year low of $13.51 and a one year high of $20.85. The company’s 50 day moving average price is $20.10 and its 200 day moving average price is $19.27.

First Trust Global Wind Energy ETF Company Profile

First Trust ISE Global Wind Energy Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, of an equity index called the ISE Global Wind Energy Index. The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks that comprise the Index or in depositary receipts that may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively, Depositary Receipts) representing securities in the Index.