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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 33,000 shares, a growth of 11.9% from the August 15th total of 29,500 shares. Based on an average trading volume of 110,400 shares, the short-interest ratio is presently 0.3 days.

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock opened at $123.42 on Wednesday. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $85.10 and a 12-month high of $123.72. The firm has a 50-day moving average price of $118.36 and a 200-day moving average price of $116.75. The firm has a market capitalization of $1.61 billion, a PE ratio of 29.38 and a beta of 1.25.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.6379 per share. The ex-dividend date was Thursday, June 27th. This represents a $2.55 annualized dividend and a dividend yield of 2.07%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth approximately $32,000. Front Row Advisors LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% during the second quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock valued at $39,000 after purchasing an additional 300 shares during the period. Concourse Financial Group Securities Inc. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter worth about $42,000. Edmond DE Rothschild Holding S.A. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth approximately $55,000. Finally, Banque Cantonale Vaudoise grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 520 shares of the company’s stock worth $60,000 after buying an additional 200 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.