First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Shorted: Short Interest Down 52.1% in October

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 115,376 shares, a decline of 52.1% from the September 30th total of 240,921 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 271,594 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrity Alliance LLC. acquired a new stake in First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $219,000. Signature Equity Partners LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth $169,000. ARQ Wealth Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 0.8% during the third quarter. ARQ Wealth Advisors LLC now owns 89,048 shares of the exchange traded fund’s stock worth $3,650,000 after purchasing an additional 687 shares in the last quarter. Intrua Financial LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 27.0% in the third quarter. Intrua Financial LLC now owns 9,814 shares of the exchange traded fund’s stock valued at $402,000 after purchasing an additional 2,084 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 531.9% in the third quarter. International Assets Investment Management LLC now owns 42,448 shares of the exchange traded fund’s stock valued at $1,740,000 after purchasing an additional 35,731 shares during the period.

First Trust North American Energy Infrastructure Fund Stock Performance

First Trust North American Energy Infrastructure Fund stock traded up $0.02 during trading on Friday, reaching $44.62. 122,133 shares of the company’s stock were exchanged, compared to its average volume of 278,771. The company’s 50-day moving average is $43.14 and its two-hundred day moving average is $43.13. First Trust North American Energy Infrastructure Fund has a 52-week low of $37.18 and a 52-week high of $45.23. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 17.59 and a beta of 0.57.

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.