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 increase in short interest in the month of September. As of September 30th, there was short interest totalling 174,700 shares, an increase of 105.0% from the September 15th total of 85,200 shares. Based on an average daily volume of 111,600 shares, the days-to-cover ratio is currently 1.6 days.

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

NASDAQ:GRID traded up $0.85 on Friday, reaching $126.33. 78,565 shares of the company’s stock traded hands, compared to its average volume of 95,872. The stock has a 50-day simple moving average of $121.03 and a 200-day simple moving average of $118.45. The firm has a market cap of $1.86 billion, a PE 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.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2512 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter valued at approximately $32,000. Front Row Advisors LLC increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% in the second quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock worth $39,000 after purchasing an additional 300 shares during the last quarter. Concourse Financial Group Securities Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter valued at $42,000. Banque Cantonale Vaudoise lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.5% during 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 during the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter worth $121,000.

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.