Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Increases By 158.2%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 85,200 shares, a growth of 158.2% from the August 31st total of 33,000 shares. Based on an average daily trading volume, of 108,200 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Silvia Mccoll Wealth Management LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter valued at $238,000. Arlington Financial Advisors LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 207.4% during the first quarter. Arlington Financial Advisors LLC now owns 212,170 shares of the company’s stock worth $24,317,000 after acquiring an additional 143,145 shares in the last quarter. WealthBridge Capital Management LLC boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 13.2% during the first quarter. WealthBridge Capital Management LLC now owns 15,374 shares of the company’s stock valued at $1,762,000 after purchasing an additional 1,798 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.5% in the first quarter. Banque Cantonale Vaudoise now owns 520 shares of the company’s stock valued at $60,000 after purchasing an additional 200 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 12.4% during the 1st quarter. Aprio Wealth Management LLC now owns 2,190 shares of the company’s stock worth $251,000 after purchasing an additional 241 shares during the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.6 %

Shares of GRID stock opened at $127.72 on Friday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $85.10 and a 12-month high of $129.02. The firm has a fifty day moving average of $119.28 and a 200-day moving average of $117.52.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be issued a $0.2512 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%.

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.