Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Increases By 105.0%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 174,700 shares, a growth of 105.0% from the September 15th total of 85,200 shares. Based on an average daily volume of 111,600 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Hedge funds have recently made changes to their positions in the company. Guardian Capital LP bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth about $979,000. Owen LaRue LLC lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 10.9% in the first quarter. Owen LaRue LLC now owns 28,116 shares of the company’s stock worth $3,222,000 after acquiring an additional 2,754 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8.7% in the first quarter. Kingsview Wealth Management LLC now owns 12,916 shares of the company’s stock valued at $1,480,000 after acquiring an additional 1,030 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.6% during the first quarter. Atomi Financial Group Inc. now owns 4,235 shares of the company’s stock valued at $485,000 after purchasing an additional 186 shares during the last quarter. Finally, Stegent Equity Advisors Inc. raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.9% during the 1st quarter. Stegent Equity Advisors Inc. now owns 12,690 shares of the company’s stock worth $1,454,000 after purchasing an additional 113 shares during the period.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 0.7 %

Shares of GRID stock traded up $0.85 on Friday, reaching $126.33. 78,565 shares of the stock were exchanged, compared to its average volume of 95,872. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $85.10 and a 1-year high of $129.02. The stock has a market cap of $1.86 billion, a P/E ratio of 29.38 and a beta of 1.25. The firm has a 50 day moving average of $121.03 and a two-hundred day moving average of $118.43.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.2512 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, September 26th.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (the Fund) seeks investment results, which correspond to the price and yield (before the Fund’s fees and expenses) of an equity index called the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (the Index). The Fund focuses to invest at least 90% of its net assets in common stocks, which comprises the Index or in depositary receipts, which 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.