First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID – Get Free Report) 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
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.
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