Short Interest in First Trust Global Wind Energy ETF (NYSEARCA:FAN) Drops By 60.6%

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 32,723 shares, a decrease of 60.6% from the June 30th total of 83,154 shares. Based on an average trading volume of 95,157 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

First Trust Global Wind Energy ETF Price Performance

Shares of FAN stock opened at $24.04 on Monday. The firm has a market capitalization of $281.27 million, a price-to-earnings ratio of 19.71 and a beta of 0.84. The business has a fifty day moving average of $24.98 and a 200 day moving average of $24.39. First Trust Global Wind Energy ETF has a 1 year low of $18.14 and a 1 year high of $27.30.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FAN. Forty three Eighteen Advisors LLC purchased a new position in shares of First Trust Global Wind Energy ETF in the first quarter worth about $1,550,000. UBS Group AG lifted its holdings in shares of First Trust Global Wind Energy ETF by 222.3% during the fourth quarter. UBS Group AG now owns 412,320 shares of the company’s stock worth $8,440,000 after purchasing an additional 284,371 shares during the period. Concorde Asset Management LLC purchased a new stake in First Trust Global Wind Energy ETF in the fourth quarter valued at approximately $1,750,000. Beto Financial Group LLC purchased a new stake in First Trust Global Wind Energy ETF in the fourth quarter valued at approximately $464,000. Finally, Nilsine Partners LLC acquired a new position in First Trust Global Wind Energy ETF in the 4th quarter worth approximately $1,006,000.

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.