Short Interest in First Trust Global Wind Energy ETF (NYSEARCA:FAN) Drops By 60.6%

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 32,723 shares, a drop of 60.6% from the June 30th total of 83,154 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 95,157 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Global Wind Energy ETF Price Performance

Shares of FAN stock opened at $24.04 on Monday. First Trust Global Wind Energy ETF has a 1-year low of $18.14 and a 1-year high of $27.30. The stock’s fifty day moving average price is $24.98 and its 200 day moving average price is $24.39. The company has a market cap of $281.27 million, a price-to-earnings ratio of 19.71 and a beta of 0.84.

Institutional Investors Weigh In On First Trust Global Wind Energy ETF

Several institutional investors have recently added to or reduced their stakes in FAN. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $45,000 after acquiring an additional 2,286 shares in the last quarter. Cerity Partners LLC purchased a new stake in First Trust Global Wind Energy ETF during the 2nd quarter worth approximately $284,000. Osaic Holdings Inc. grew its position in First Trust Global Wind Energy ETF by 16.5% during the 2nd quarter. Osaic Holdings Inc. now owns 34,569 shares of the company’s stock worth $627,000 after purchasing an additional 4,887 shares during the last quarter. UBS Group AG grew its position in First Trust Global Wind Energy ETF by 7.6% during the 3rd quarter. UBS Group AG now owns 127,949 shares of the company’s stock worth $2,458,000 after purchasing an additional 9,056 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in First Trust Global Wind Energy ETF by 12.2% during the 3rd quarter. Raymond James Financial Inc. now owns 32,065 shares of the company’s stock valued at $616,000 after purchasing an additional 3,482 shares in 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.