First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Short Interest Down 88.1% in March

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 31,188 shares, a drop of 88.1% from the February 26th total of 262,403 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 358,270 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 358,270 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

First Trust North American Energy Infrastructure Fund Price Performance

Shares of EMLP traded up $0.46 during mid-day trading on Tuesday, reaching $43.94. 192,066 shares of the company’s stock traded hands, compared to its average volume of 279,037. The stock has a market cap of $3.94 billion, a P/E ratio of 17.59 and a beta of 0.65. The stock’s 50-day moving average is $41.97 and its two-hundred day moving average is $39.45. First Trust North American Energy Infrastructure Fund has a 12 month low of $32.62 and a 12 month high of $44.30.

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

A number of large investors have recently bought and sold shares of EMLP. World Equity Group Inc. grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 105.5% in the third quarter. World Equity Group Inc. now owns 53,971 shares of the exchange traded fund’s stock worth $2,067,000 after purchasing an additional 27,710 shares during the last quarter. CWM LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 291.4% during the 3rd quarter. CWM LLC now owns 12,486 shares of the exchange traded fund’s stock valued at $478,000 after buying an additional 9,296 shares in the last quarter. G&S Capital LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 4.6% during the 3rd quarter. G&S Capital LLC now owns 23,547 shares of the exchange traded fund’s stock valued at $902,000 after buying an additional 1,033 shares in the last quarter. Steinberganna Wealth Management purchased a new stake in First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at about $215,000. Finally, Wagner Wealth Management LLC boosted its position in First Trust North American Energy Infrastructure Fund by 3.9% in the 3rd quarter. Wagner Wealth Management LLC now owns 38,079 shares of the exchange traded fund’s stock valued at $1,458,000 after buying an additional 1,421 shares during the period.

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.