First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Large Growth in Short Interest

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 136,793 shares, a growth of 336.7% from the April 15th total of 31,324 shares. Based on an average daily volume of 208,038 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

First Trust North American Energy Infrastructure Fund Stock Performance

NYSEARCA EMLP opened at $43.76 on Wednesday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 17.59 and a beta of 0.59. The stock’s 50 day moving average price is $43.68 and its two-hundred day moving average price is $40.77. First Trust North American Energy Infrastructure Fund has a 52 week low of $36.29 and a 52 week high of $44.76.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its stake in First Trust North American Energy Infrastructure Fund by 3.3% in the 4th quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock valued at $700,993,000 after acquiring an additional 591,927 shares during the period. Capital Investment Advisors LLC raised its stake in First Trust North American Energy Infrastructure Fund by 5.7% in the 4th quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after acquiring an additional 224,827 shares during the period. AlTi Global Inc. raised its stake in First Trust North American Energy Infrastructure Fund by 0.3% in the 4th quarter. AlTi Global Inc. now owns 2,869,696 shares of the exchange traded fund’s stock valued at $108,675,000 after acquiring an additional 7,313 shares during the period. Cresset Asset Management LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 5.3% in the 3rd quarter. Cresset Asset Management LLC now owns 2,463,288 shares of the exchange traded fund’s stock valued at $94,319,000 after buying an additional 124,195 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in First Trust North American Energy Infrastructure Fund by 2.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,349,011 shares of the exchange traded fund’s stock worth $88,957,000 after buying an additional 64,337 shares during the period.

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.