First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Short Interest Up 229.6% in August

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 536,606 shares, an increase of 229.6% from the August 15th total of 162,808 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 196,234 shares, the short-interest ratio is currently 2.7 days.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several hedge funds have recently modified their holdings of the stock. Darwin Wealth Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at $33,000. Compass Financial Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund in the second quarter valued at $36,000. Bessemer Group Inc. bought a new stake in First Trust North American Energy Infrastructure Fund in the first quarter valued at $41,000. Gilpin Wealth Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at about $91,000. Finally, CX Institutional raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 19.8% during the second quarter. CX Institutional now owns 2,463 shares of the exchange traded fund’s stock valued at $107,000 after purchasing an additional 407 shares during the period.

First Trust North American Energy Infrastructure Fund Price Performance

Shares of First Trust North American Energy Infrastructure Fund stock traded down $0.21 on Monday, hitting $43.58. 372,734 shares of the company’s stock traded hands, compared to its average volume of 265,199. The company has a fifty day moving average of $44.10 and a two-hundred day moving average of $43.78. First Trust North American Energy Infrastructure Fund has a one year low of $37.18 and a one year high of $45.23. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56.

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.