First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 110,224 shares, a drop of 73.1% from the May 31st total of 409,624 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 394,279 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of 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 purchasing an additional 591,927 shares during the period. Bank of America Corp DE increased its position in First Trust North American Energy Infrastructure Fund by 12.0% during the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock worth $104,048,000 after buying an additional 256,270 shares during the last quarter. Capital Investment Advisors LLC increased its position in First Trust North American Energy Infrastructure Fund by 5.7% during the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock worth $158,662,000 after buying an additional 224,827 shares during the last quarter. Nvest Wealth Strategies Inc. bought a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $8,276,000. Finally, Crusonia Wealth Advisors LLC bought a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $7,522,000.
First Trust North American Energy Infrastructure Fund Stock Up 0.5%
NYSEARCA:EMLP opened at $44.03 on Friday. First Trust North American Energy Infrastructure Fund has a twelve month low of $36.70 and a twelve month high of $44.76. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The stock’s 50 day moving average price is $43.54 and its two-hundred day moving average price is $41.96.
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.
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