First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Short Interest Declines 70.7%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 240,921 shares, a drop of 70.7% from the September 15th total of 822,644 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 438,927 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Heartland Consultants Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth about $926,000. Farther Finance Advisors LLC raised its position in shares of First Trust North American Energy Infrastructure Fund by 260.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 57,351 shares of the exchange traded fund’s stock valued at $2,351,000 after purchasing an additional 41,462 shares during the last quarter. Eastern Bank purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at approximately $85,000. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at approximately $872,000. Finally, Waverly Advisors LLC raised its position in shares of First Trust North American Energy Infrastructure Fund by 2.4% in the 2nd quarter. Waverly Advisors LLC now owns 51,286 shares of the exchange traded fund’s stock valued at $2,231,000 after purchasing an additional 1,217 shares during the last quarter.

First Trust North American Energy Infrastructure Fund Stock Performance

EMLP stock traded up $0.23 on Tuesday, hitting $42.85. 198,032 shares of the company’s stock were exchanged, compared to its average volume of 276,499. First Trust North American Energy Infrastructure Fund has a 12-month low of $37.18 and a 12-month high of $45.23. The firm has a 50 day moving average price of $43.29 and a two-hundred day moving average price of $43.57. The stock has a market cap of $4.10 billion, a P/E ratio of 17.59 and a beta of 0.57.

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.