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) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 174,700 shares, an increase of 105.0% from the September 15th total of 85,200 shares. Based on an average daily volume of 111,600 shares, the short-interest ratio is currently 1.6 days.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.7 %

NASDAQ:GRID traded up $0.85 during trading hours on Friday, hitting $126.33. The company’s stock had a trading volume of 78,565 shares, compared to its average volume of 95,872. 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 stock has a market capitalization of $1.86 billion, a P/E ratio of 29.38 and a beta of 1.25. The stock has a fifty day moving average of $121.03 and a 200-day moving average of $118.45.

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

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2512 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%.

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

A number of large investors have recently bought and sold shares of GRID. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at about $32,000. Front Row Advisors LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% during the 2nd quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock valued at $39,000 after buying an additional 300 shares during the last quarter. Concourse Financial Group Securities Inc. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth about $42,000. Banque Cantonale Vaudoise lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.5% during the first quarter. Banque Cantonale Vaudoise now owns 520 shares of the company’s stock worth $60,000 after buying an additional 200 shares during the period. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter valued at $121,000.

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.