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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 536,606 shares, a growth of 229.6% from the August 15th total of 162,808 shares. Based on an average daily volume of 196,234 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.6% of the shares of the company are short sold.

First Trust North American Energy Infrastructure Fund Stock Performance

EMLP stock traded down $0.16 during midday trading on Friday, reaching $43.79. The stock had a trading volume of 309,344 shares, compared to its average volume of 266,037. First Trust North American Energy Infrastructure Fund has a 52-week low of $37.18 and a 52-week high of $45.23. The stock has a market cap of $4.11 billion, a PE ratio of 17.59 and a beta of 0.56. The firm has a fifty day simple moving average of $44.10 and a two-hundred day simple moving average of $43.78.

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

Institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at about $36,000. Darwin Wealth Management LLC purchased a new position in First Trust North American Energy Infrastructure Fund during the second quarter valued at approximately $33,000. Bessemer Group Inc. acquired a new position in First Trust North American Energy Infrastructure Fund in the first quarter valued at approximately $41,000. Gilpin Wealth Management LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $91,000. Finally, CX Institutional lifted its holdings in First Trust North American Energy Infrastructure Fund by 19.8% in the second quarter. CX Institutional now owns 2,463 shares of the exchange traded fund’s stock valued at $107,000 after acquiring an additional 407 shares during the period.

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.