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

First Trust Global Wind Energy ETF (NYSEARCA:FAN) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 79,819 shares, a decline of 49.4% from the May 31st total of 157,852 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 69,859 shares, the short-interest ratio is presently 1.1 days.

First Trust Global Wind Energy ETF Stock Performance

Shares of NYSEARCA FAN traded up $0.26 during midday trading on Tuesday, hitting $24.96. 10,644 shares of the stock traded hands, compared to its average volume of 77,550. The business has a 50 day moving average price of $25.75 and a two-hundred day moving average price of $23.87. The company has a market cap of $260.83 million, a PE ratio of 19.71 and a beta of 0.83. First Trust Global Wind Energy ETF has a one year low of $18.05 and a one year high of $27.30.

Institutional Investors Weigh In On First Trust Global Wind Energy ETF

Several large investors have recently modified their holdings of FAN. UBS Group AG increased its stake in shares of First Trust Global Wind Energy ETF by 222.3% in the fourth quarter. UBS Group AG now owns 412,320 shares of the company’s stock worth $8,440,000 after purchasing an additional 284,371 shares in the last quarter. Concorde Asset Management LLC bought a new stake in First Trust Global Wind Energy ETF during the 4th quarter valued at $1,750,000. Beto Financial Group LLC bought a new stake in First Trust Global Wind Energy ETF in the fourth quarter valued at $464,000. Nilsine Partners LLC bought a new position in shares of First Trust Global Wind Energy ETF during the fourth quarter valued at approximately $1,006,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of First Trust Global Wind Energy ETF by 10.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 205,734 shares of the company’s stock worth $4,211,000 after buying an additional 19,943 shares during the last quarter.

First Trust Global Wind Energy ETF Company Profile

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.