Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Rises By 91.1%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 261,445 shares, a growth of 91.1% from the April 30th total of 136,793 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 264,828 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several hedge funds have recently modified their holdings of EMLP. Morgan Stanley grew its position in shares of First Trust North American Energy Infrastructure Fund by 3.3% in the fourth quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock valued at $700,993,000 after purchasing an additional 591,927 shares during the period. Bank of America Corp DE grew its position in shares of First Trust North American Energy Infrastructure Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after purchasing an additional 256,270 shares during the period. Capital Investment Advisors LLC grew its position in shares of First Trust North American Energy Infrastructure Fund by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after purchasing an additional 224,827 shares during the period. Nvest Wealth Strategies Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at $8,276,000. Finally, Crusonia Wealth Advisors LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at $7,522,000.

First Trust North American Energy Infrastructure Fund Price Performance

EMLP opened at $43.11 on Thursday. The business has a 50 day simple moving average of $43.70 and a 200-day simple moving average of $41.42. The stock has a market capitalization of $3.93 billion, a P/E ratio of 17.59 and a beta of 0.59. First Trust North American Energy Infrastructure Fund has a 12 month low of $36.70 and a 12 month high of $44.76.

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.