Traders Buy Large Volume of First Trust Global Wind Energy ETF Call Options (NYSEARCA:FAN)

First Trust Global Wind Energy ETF (NYSEARCA:FAN) was the recipient of unusually large options trading on Friday. Traders bought 3,268 call options on the stock. This is an increase of 1,585% compared to the average volume of 194 call options.

First Trust Global Wind Energy ETF stock opened at $21.00 on Friday. First Trust Global Wind Energy ETF has a 52 week low of $12.41 and a 52 week high of $26.14. The business’s 50-day moving average price is $22.17 and its 200 day moving average price is $22.17.

A number of institutional investors have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. acquired a new position in First Trust Global Wind Energy ETF during the fourth quarter worth $27,000. Rockefeller Capital Management L.P. acquired a new position in First Trust Global Wind Energy ETF during the first quarter worth $27,000. GPS Wealth Strategies Group LLC acquired a new position in First Trust Global Wind Energy ETF during the first quarter worth $28,000. Global Retirement Partners LLC raised its position in First Trust Global Wind Energy ETF by 1,088.7% during the first quarter. Global Retirement Partners LLC now owns 1,474 shares of the company’s stock worth $33,000 after acquiring an additional 1,350 shares during the period. Finally, IFP Advisors Inc raised its position in First Trust Global Wind Energy ETF by 1,380.0% during the first quarter. IFP Advisors Inc now owns 1,480 shares of the company’s stock worth $33,000 after acquiring an additional 1,380 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.

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