First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Update

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 September. As of September 15th, there was short interest totalling 85,200 shares, a growth of 158.2% from the August 31st total of 33,000 shares. Based on an average trading volume of 108,200 shares, the days-to-cover ratio is presently 0.8 days.

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

GRID traded up $1.81 during trading hours on Thursday, reaching $128.54. The company’s stock had a trading volume of 135,170 shares, compared to its average volume of 94,386. The company’s 50-day moving average is $118.87 and its 200-day moving average is $117.33. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52 week low of $85.10 and a 52 week high of $129.02. The firm has a market cap of $1.68 billion, a PE ratio of 29.38 and a beta of 1.25.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be given a $0.2512 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 26th.

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

Several hedge funds and other institutional investors have recently modified their holdings of GRID. Arlington Financial Advisors LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 207.4% in the 1st quarter. Arlington Financial Advisors LLC now owns 212,170 shares of the company’s stock valued at $24,317,000 after acquiring an additional 143,145 shares during the period. Bank Hapoalim BM acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth approximately $12,309,000. LPL Financial LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 31.8% in the 2nd quarter. LPL Financial LLC now owns 419,669 shares of the company’s stock valued at $48,505,000 after purchasing an additional 101,175 shares during the period. Aprio Wealth Management LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2,366.5% in the 2nd quarter. Aprio Wealth Management LLC now owns 54,017 shares of the company’s stock valued at $6,243,000 after purchasing an additional 51,827 shares during the period. Finally, Concorde Asset Management LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter valued at $5,503,000.

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.