First Trust Global Wind Energy ETF (NYSEARCA:FAN) Sees Significant Growth in Short Interest

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 229,255 shares, a growth of 124.4% from the March 31st total of 102,172 shares. Based on an average trading volume of 55,404 shares, the short-interest ratio is currently 4.1 days. Approximately 2.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new position in First Trust Global Wind Energy ETF during the fourth quarter worth approximately $26,000. Farther Finance Advisors LLC increased its position in First Trust Global Wind Energy ETF by 206.8% during the third quarter. Farther Finance Advisors LLC now owns 1,706 shares of the company’s stock worth $33,000 after buying an additional 1,150 shares during the period. JPMorgan Chase & Co. increased its position in First Trust Global Wind Energy ETF by 1,068.2% during the second quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock worth $45,000 after buying an additional 2,286 shares during the period. PNC Financial Services Group Inc. increased its position in First Trust Global Wind Energy ETF by 44.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock worth $58,000 after buying an additional 928 shares during the period. Finally, Global Retirement Partners LLC increased its position in First Trust Global Wind Energy ETF by 134.1% during the third quarter. Global Retirement Partners LLC now owns 3,015 shares of the company’s stock worth $58,000 after buying an additional 1,727 shares during the period.

First Trust Global Wind Energy ETF Price Performance

Shares of NYSEARCA FAN traded up $0.32 during midday trading on Friday, hitting $26.29. 36,943 shares of the company’s stock were exchanged, compared to its average volume of 62,354. First Trust Global Wind Energy ETF has a twelve month low of $15.51 and a twelve month high of $26.29. The company has a market cap of $272.10 million, a PE ratio of 19.71 and a beta of 0.82. The firm’s fifty day simple moving average is $24.42 and its 200-day simple moving average is $22.10.

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.