First Trust Global Wind Energy ETF (NYSEARCA:FAN) Short Interest Down 31.3% in March

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 102,172 shares, a decline of 31.3% from the March 15th total of 148,790 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 62,935 shares, the short-interest ratio is currently 1.6 days.

First Trust Global Wind Energy ETF Stock Performance

Shares of NYSEARCA FAN traded down $0.04 during midday trading on Wednesday, reaching $25.86. The stock had a trading volume of 49,565 shares, compared to its average volume of 57,511. The firm has a market cap of $261.19 million, a price-to-earnings ratio of 19.71 and a beta of 0.82. First Trust Global Wind Energy ETF has a twelve month low of $15.07 and a twelve month high of $26.00. The company’s 50 day moving average price is $24.03 and its 200 day moving average price is $21.79.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Godfrey Financial Associates Inc. acquired a new position in shares of First Trust Global Wind Energy ETF during the 4th quarter valued at $26,000. Farther Finance Advisors LLC lifted its position in shares of First Trust Global Wind Energy ETF by 206.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,706 shares of the company’s stock valued at $33,000 after acquiring an additional 1,150 shares during the period. JPMorgan Chase & Co. lifted its position 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 during the period. PNC Financial Services Group Inc. lifted its position in shares of First Trust Global Wind Energy ETF by 44.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock valued at $58,000 after acquiring an additional 928 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of First Trust Global Wind Energy ETF by 134.1% during the 3rd quarter. Global Retirement Partners LLC now owns 3,015 shares of the company’s stock valued at $58,000 after acquiring an additional 1,727 shares during the period.

About First Trust Global Wind Energy ETF

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.