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 recipient of a significant growth in short interest in the month of 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. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 196,234 shares, the short-interest ratio is currently 2.7 days.

First Trust North American Energy Infrastructure Fund Stock Performance

EMLP traded down $0.16 during trading on Friday, hitting $43.79. 309,344 shares of the stock were exchanged, compared to its average volume of 266,037. The firm has a 50 day simple moving average of $44.10 and a 200 day simple moving average of $43.78. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. First Trust North American Energy Infrastructure Fund has a 1 year low of $37.18 and a 1 year high of $45.23.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Several hedge funds have recently modified their holdings of EMLP. Darwin Wealth Management LLC bought a new position in First Trust North American Energy Infrastructure Fund in the second quarter worth approximately $33,000. Compass Financial Management LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at $36,000. Bessemer Group Inc. purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the 1st quarter valued at $41,000. Gilpin Wealth Management LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the 4th quarter valued at $91,000. Finally, CX Institutional raised 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 worth $107,000 after purchasing an additional 407 shares in the last quarter.

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.