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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 110,224 shares, a decrease of 73.1% from the May 31st total of 409,624 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 394,279 shares, the days-to-cover ratio is presently 0.3 days.

First Trust North American Energy Infrastructure Fund Trading Up 0.5%

EMLP stock opened at $44.03 on Friday. The stock has a market cap of $4.01 billion, a PE ratio of 17.59 and a beta of 0.56. First Trust North American Energy Infrastructure Fund has a 1 year low of $36.70 and a 1 year high of $44.76. The stock has a 50-day moving average price of $43.54 and a two-hundred day moving average price of $41.96.

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

Hedge funds have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the fourth quarter worth $31,000. Darwin Wealth Management LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at $33,000. Sound Income Strategies LLC lifted its position in First Trust North American Energy Infrastructure Fund by 47,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 950 shares in the last quarter. Assetmark Inc. boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 71.7% during the 4th quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 406 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 1st quarter worth about $41,000.

About First Trust North American Energy Infrastructure Fund

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.