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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 74,363 shares, a decline of 69.9% from the October 15th total of 247,455 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 667,197 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth about $26,000. Hantz Financial Services Inc. increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 430.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. Root Financial Partners LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $36,000. Latitude Advisors LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at approximately $40,000. Finally, Arlington Trust Co LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at approximately $48,000.

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

GRID traded down $1.10 on Friday, hitting $160.29. 350,463 shares of the company were exchanged, compared to its average volume of 655,543. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a fifty-two week low of $144.62 and a fifty-two week high of $199.99. The firm has a market capitalization of $10.73 billion, a P/E ratio of 25.09 and a beta of 1.27. The business’s fifty day moving average is $172.78 and its 200 day moving average is $178.48.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.3534 per share. This is a negative change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.41 annualized dividend and a dividend yield of 0.9%.

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.