First Trust Global Wind Energy ETF (NYSEARCA:FAN) Sees Large Growth in Short Interest

First Trust Global Wind Energy ETF (NYSEARCA:FAN) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 229,255 shares, a growth of 124.4% from the March 31st total of 102,172 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 55,404 shares, the days-to-cover ratio is presently 4.1 days.

First Trust Global Wind Energy ETF Stock Up 1.2%

Shares of NYSEARCA:FAN traded up $0.31 during trading on Monday, hitting $26.60. 68,191 shares of the company traded hands, compared to its average volume of 62,428. The stock has a market capitalization of $275.31 million, a price-to-earnings ratio of 19.71 and a beta of 0.82. The business’s fifty day moving average is $24.49 and its 200-day moving average is $22.15. First Trust Global Wind Energy ETF has a one year low of $15.55 and a one year high of $26.62.

Hedge Funds Weigh In On First Trust Global Wind Energy ETF

Institutional investors have recently made changes to their positions in the stock. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Global Wind Energy ETF during the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its position in shares of First Trust Global Wind Energy ETF by 206.8% during the third quarter. Farther Finance Advisors LLC now owns 1,706 shares of the company’s stock worth $33,000 after buying an additional 1,150 shares during the period. JPMorgan Chase & Co. boosted its position 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 worth $45,000 after buying an additional 2,286 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of First Trust Global Wind Energy ETF by 44.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock worth $58,000 after buying an additional 928 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of First Trust Global Wind Energy ETF by 134.1% during the third quarter. Global Retirement Partners LLC now owns 3,015 shares of the company’s stock worth $58,000 after buying an additional 1,727 shares during the period.

About First Trust Global Wind Energy ETF

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.