First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 147.4% in February

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 534,113 shares, a growth of 147.4% from the January 29th total of 215,855 shares. Based on an average trading volume of 980,492 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.4% of the shares of the company are sold short. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 980,492 shares, the days-to-cover ratio is currently 0.5 days.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Price Performance

Shares of GRID opened at $178.49 on Friday. The stock has a market capitalization of $6.90 billion, a PE ratio of 23.47 and a beta of 1.25. The business’s fifty day moving average price is $163.54 and its 200 day moving average price is $154.90. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $99.78 and a 12-month high of $179.35.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.338 dividend. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.35 annualized dividend and a dividend yield of 0.8%.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of large investors have recently bought and sold shares of GRID. Morgan Stanley boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% in the fourth quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock valued at $451,252,000 after acquiring an additional 691,924 shares during the period. LPL Financial LLC boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% during the 4th quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock valued at $260,104,000 after purchasing an additional 503,963 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 47.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,527,000 shares of the company’s stock valued at $233,662,000 after purchasing an additional 490,000 shares during the period. Bank of America Corp DE grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 1,447,811 shares of the company’s stock worth $218,735,000 after buying an additional 254,139 shares during the last quarter. Finally, UBS Group AG increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.8% in the fourth quarter. UBS Group AG now owns 1,267,833 shares of the company’s stock worth $194,004,000 after buying an additional 298,762 shares during the period.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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.