Short Interest in First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Drops By 36.1%

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 217,300 shares, a decrease of 36.1% from the September 30th total of 340,200 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 196,500 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 196,500 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust North American Energy Infrastructure Fund Trading Down 0.1%

First Trust North American Energy Infrastructure Fund stock traded down $0.02 during mid-day trading on Monday, hitting $37.58. The stock had a trading volume of 596,901 shares, compared to its average volume of 269,040. The firm has a market capitalization of $3.31 billion, a P/E ratio of 17.59 and a beta of 0.65. The firm’s 50 day moving average is $37.95 and its 200 day moving average is $37.47. First Trust North American Energy Infrastructure Fund has a one year low of $32.62 and a one year high of $38.59.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new stake in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth about $33,000. Root Financial Partners LLC purchased a new stake in First Trust North American Energy Infrastructure Fund in the 3rd quarter worth about $35,000. JFS Wealth Advisors LLC purchased a new stake in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth about $38,000. Finally, Nova Wealth Management Inc. purchased a new stake in First Trust North American Energy Infrastructure Fund in the 1st quarter worth about $47,000.

About First Trust North American Energy Infrastructure Fund

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.