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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 162,800 shares, an increase of 399.4% from the February 13th total of 32,600 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 181,100 shares, the days-to-cover ratio is presently 0.9 days.

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

Shares of NASDAQ GRID traded up $2.38 during mid-day trading on Friday, reaching $116.88. 58,802 shares of the company’s stock were exchanged, compared to its average volume of 131,038. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52-week low of $107.51 and a 52-week high of $129.02. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 22.84 and a beta of 1.25. The company’s 50-day moving average is $120.42 and its 200-day moving average is $122.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FSA Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth approximately $26,000. US Bancorp DE boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the fourth quarter. US Bancorp DE now owns 236 shares of the company’s stock valued at $28,000 after purchasing an additional 86 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 438 shares of the company’s stock worth $52,000 after purchasing an additional 238 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2,000.0% during the 4th quarter. Private Trust Co. NA now owns 525 shares of the company’s stock worth $63,000 after buying an additional 500 shares during the last quarter.

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.