First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Short Interest Up 170.3% in July

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 215,665 shares, a growth of 170.3% from the June 30th total of 79,795 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 217,865 shares, the days-to-cover ratio is presently 1.0 days.

First Trust North American Energy Infrastructure Fund Stock Performance

Shares of NYSEARCA EMLP traded down $0.62 during trading on Monday, hitting $44.22. 152,007 shares of the company traded hands, compared to its average volume of 269,761. First Trust North American Energy Infrastructure Fund has a fifty-two week low of $37.16 and a fifty-two week high of $45.23. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The business’s fifty day moving average is $43.72 and its 200 day moving average is $42.85.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 0.9% in the fourth quarter. Millstone Evans Group LLC now owns 47,043 shares of the exchange traded fund’s stock valued at $1,782,000 after purchasing an additional 419 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 45.7% during the 4th quarter. Mutual Advisors LLC now owns 67,084 shares of the exchange traded fund’s stock valued at $2,540,000 after buying an additional 21,030 shares during the last quarter. Sanctuary Advisors LLC boosted its position in First Trust North American Energy Infrastructure Fund by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 73,696 shares of the exchange traded fund’s stock worth $2,791,000 after purchasing an additional 2,957 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the 4th quarter valued at $31,000. Finally, Wagner Wealth Management LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 2.3% during the 4th quarter. Wagner Wealth Management LLC now owns 38,965 shares of the exchange traded fund’s stock worth $1,476,000 after purchasing an additional 886 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.