First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 115,376 shares, a drop of 52.1% from the September 30th total of 240,921 shares. Based on an average daily volume of 271,594 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after purchasing an additional 256,270 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $8,559,000. Fifth Third Bancorp acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 1st quarter valued at $6,957,000. D.A. Davidson & CO. acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the third quarter valued at about $4,624,000. Finally, Capital Investment Advisors LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 1.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 4,410,779 shares of the exchange traded fund’s stock worth $180,798,000 after acquiring an additional 59,687 shares during the last quarter.
First Trust North American Energy Infrastructure Fund Stock Up 0.0%
Shares of NYSEARCA:EMLP traded up $0.02 during midday trading on Friday, reaching $44.62. The company had a trading volume of 122,133 shares, compared to its average volume of 278,771. First Trust North American Energy Infrastructure Fund has a 1-year low of $37.18 and a 1-year high of $45.23. The stock has a market cap of $4.27 billion, a PE ratio of 17.59 and a beta of 0.57. The business’s 50 day moving average price is $43.15 and its 200 day moving average price is $43.16.
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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