First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Short Interest Declines 52.1%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 115,376 shares, a drop of 52.1% from the September 30th total of 240,921 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 271,594 shares, the days-to-cover ratio is presently 0.4 days.

First Trust North American Energy Infrastructure Fund Price Performance

Shares of EMLP traded up $0.02 during midday trading on Friday, reaching $44.62. 122,133 shares of the stock were exchanged, compared to its average volume of 278,771. The business’s 50-day moving average price is $43.15 and its 200 day moving average price is $43.16. First Trust North American Energy Infrastructure Fund has a twelve month low of $37.18 and a twelve month high of $45.23. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 17.59 and a beta of 0.57.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrity Alliance LLC. purchased a new stake in First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at approximately $219,000. Signature Equity Partners LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $169,000. ARQ Wealth Advisors LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 0.8% during the 3rd quarter. ARQ Wealth Advisors LLC now owns 89,048 shares of the exchange traded fund’s stock worth $3,650,000 after buying an additional 687 shares in the last quarter. Intrua Financial LLC lifted its holdings in shares of First Trust North American Energy Infrastructure Fund by 27.0% in the 3rd quarter. Intrua Financial LLC now owns 9,814 shares of the exchange traded fund’s stock valued at $402,000 after buying an additional 2,084 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 531.9% in the third quarter. International Assets Investment Management LLC now owns 42,448 shares of the exchange traded fund’s stock valued at $1,740,000 after buying an additional 35,731 shares in the last quarter.

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.