First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 126.0% in January

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 215,855 shares, an increase of 126.0% from the January 15th total of 95,531 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 533,833 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 533,833 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are short sold.

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

Shares of NASDAQ GRID traded up $0.39 during mid-day trading on Friday, hitting $175.40. The company had a trading volume of 555,557 shares, compared to its average volume of 657,285. The company has a market capitalization of $6.78 billion, a PE ratio of 23.47 and a beta of 1.25. The business’s 50-day simple moving average is $159.45 and its 200 day simple moving average is $152.81. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $99.78 and a 1-year high of $178.79.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.338 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.35 dividend on an annualized basis and a yield of 0.8%. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24.

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

Large investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $156,670,000. Morgan Stanley lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% during the 4th quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock worth $451,252,000 after purchasing an additional 691,924 shares during the last quarter. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% during the fourth quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock worth $260,104,000 after purchasing an additional 503,963 shares in the last quarter. Wells Fargo & Company MN increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 43.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,023,888 shares of the company’s stock valued at $156,675,000 after buying an additional 307,664 shares during the last quarter. Finally, UBS Group AG increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.8% in the fourth quarter. UBS Group AG now owns 1,267,833 shares of the company’s stock valued at $194,004,000 after buying an additional 298,762 shares during 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.