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

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 79,819 shares, a decrease of 49.4% from the May 31st total of 157,852 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 69,859 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of First Trust Global Wind Energy ETF in the 4th quarter valued at $26,000. Western Wealth Management LLC purchased a new position in shares of First Trust Global Wind Energy ETF during the 1st quarter valued at approximately $34,000. JPMorgan Chase & Co. lifted its stake in shares of First Trust Global Wind Energy ETF by 1,068.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock valued at $45,000 after purchasing an additional 2,286 shares during the period. PNC Financial Services Group Inc. boosted its holdings in First Trust Global Wind Energy ETF by 44.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock worth $58,000 after buying an additional 928 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in First Trust Global Wind Energy ETF by 142.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,137 shares of the company’s stock worth $85,000 after buying an additional 2,431 shares in the last quarter.

First Trust Global Wind Energy ETF Stock Performance

FAN remained flat at $24.84 during trading on Thursday. 34,644 shares of the company’s stock were exchanged, compared to its average volume of 78,201. The stock has a market capitalization of $303.05 million, a P/E ratio of 19.71 and a beta of 0.84. First Trust Global Wind Energy ETF has a twelve month low of $18.14 and a twelve month high of $27.30. The business’s 50-day simple moving average is $25.71 and its two-hundred day simple moving average is $23.97.

About First Trust Global Wind Energy ETF

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.