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 significant growth in short interest in February. As of February 28th, there was short interest totalling 162,800 shares, a growth of 399.4% from the February 13th total of 32,600 shares. Based on an average trading volume of 181,100 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.9% of the shares of the stock are short sold.

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

Several large investors have recently added to or reduced their stakes in GRID. Proficio Capital Partners LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8,655.1% in the fourth quarter. Proficio Capital Partners LLC now owns 7,194,291 shares of the company’s stock valued at $858,567,000 after buying an additional 7,112,118 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at $32,213,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth about $20,039,000. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.5% in the 4th quarter. LPL Financial LLC now owns 673,232 shares of the company’s stock valued at $80,344,000 after purchasing an additional 157,331 shares during the period. Finally, Flow Traders U.S. LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 513.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 187,378 shares of the company’s stock valued at $23,844,000 after purchasing an additional 156,820 shares during the period.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 1.3 %

Shares of NASDAQ:GRID traded down $1.52 on Thursday, hitting $114.48. The company had a trading volume of 36,789 shares, compared to its average volume of 130,494. The business has a 50 day moving average of $120.51 and a 200 day moving average of $122.64. 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 company has a market cap of $2.05 billion, a PE ratio of 22.84 and a beta of 1.25.

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.