First Trust Global Wind Energy ETF (NYSEARCA:FAN – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 32,723 shares, a decrease of 60.6% from the June 30th total of 83,154 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 95,157 shares, the days-to-cover ratio is presently 0.3 days.
First Trust Global Wind Energy ETF Stock Performance
Shares of FAN traded down $0.62 during mid-day trading on Tuesday, reaching $23.29. The company had a trading volume of 293,122 shares, compared to its average volume of 78,003. The company has a market capitalization of $272.49 million, a price-to-earnings ratio of 19.71 and a beta of 0.84. The company’s 50 day simple moving average is $24.89 and its 200 day simple moving average is $24.41. First Trust Global Wind Energy ETF has a 1-year low of $18.14 and a 1-year high of $27.30.
Institutional Trading of First Trust Global Wind Energy ETF
Hedge funds have recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. bought a new stake in shares of First Trust Global Wind Energy ETF during the fourth quarter worth $26,000. Western Wealth Management LLC acquired a new stake in shares of First Trust Global Wind Energy ETF during the 1st quarter valued at $34,000. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Global Wind Energy ETF by 1,068.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock valued at $45,000 after acquiring an additional 2,286 shares in the last quarter. Farther Finance Advisors LLC grew its position in First Trust Global Wind Energy ETF by 142.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,137 shares of the company’s stock worth $85,000 after acquiring an additional 2,431 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in First Trust Global Wind Energy ETF by 166.4% during the 1st quarter. Fifth Third Bancorp now owns 3,479 shares of the company’s stock worth $86,000 after acquiring an additional 2,173 shares during the last quarter.
First Trust Global Wind Energy ETF Company Profile
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.
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