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 recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 177,059 shares, a growth of 126.5% from the December 15th total of 78,172 shares. Based on an average trading volume of 286,795 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 286,795 shares, the short-interest ratio is presently 0.6 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock valued at $26,000 after purchasing an additional 148 shares during the period. Clearstead Advisors LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after buying an additional 99 shares during the last quarter. Hilltop National Bank acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth about $36,000. JNBA Financial Advisors raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% in the 3rd quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock valued at $37,000 after acquiring an additional 227 shares during the period. Finally, Crewe Advisors LLC increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% in the second quarter. Crewe Advisors LLC now owns 275 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.4%

NASDAQ:GRID traded down $0.63 on Wednesday, reaching $155.94. The stock had a trading volume of 126,592 shares, compared to its average volume of 402,415. The company has a market capitalization of $5.43 billion, a P/E ratio of 23.47 and a beta of 1.25. The stock has a fifty day moving average price of $153.37 and a 200-day moving average price of $149.00. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $99.78 and a 1-year high of $159.97.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.338 dividend. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, December 12th. This represents a $1.35 annualized dividend and a yield of 0.9%.

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.