First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Significant Growth in Short Interest

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 247,455 shares, an increase of 78.2% from the September 30th total of 138,902 shares. Based on an average daily volume of 556,731 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

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

NASDAQ GRID traded down $5.83 during trading hours on Friday, hitting $164.51. 714,627 shares of the company’s stock were exchanged, compared to its average volume of 654,896. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $144.62 and a 12-month high of $199.99. The business’s 50 day moving average is $176.09 and its 200-day moving average is $178.39. The firm has a market capitalization of $11.21 billion, a P/E ratio of 23.47 and a beta of 1.26.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.3534 dividend. This is a drop from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555. The ex-dividend date was Thursday, September 24th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GRID. Root Financial Partners LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at about $36,000. Latitude Advisors LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at approximately $40,000. Arlington Trust Co LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at approximately $48,000. North Star Investment Management Corp. lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 107.7% during the third quarter. North Star Investment Management Corp. now owns 270 shares of the company’s stock valued at $48,000 after buying an additional 140 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 152.5% during the first quarter. Y.D. More Investments Ltd now owns 303 shares of the company’s stock valued at $50,000 after buying an additional 183 shares in the last quarter.

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.