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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 583,206 shares, an increase of 130.6% from the May 14th total of 252,926 shares. Based on an average daily trading volume, of 908,603 shares, the short-interest ratio is presently 0.6 days. Currently, 1.1% of the company’s stock are short sold.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 0.2%

NASDAQ GRID traded down $0.35 during trading on Friday, hitting $189.01. 465,198 shares of the company traded hands, compared to its average volume of 693,271. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12 month low of $131.86 and a 12 month high of $199.99. The business has a fifty day simple moving average of $187.10 and a 200 day simple moving average of $171.00. The company has a market capitalization of $9.91 billion, a P/E ratio of 23.47 and a beta of 1.26.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.1004 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock valued at $26,000 after buying an additional 148 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at about $31,000. Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth about $34,000. Clearstead Advisors LLC increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% in the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares during the period. Finally, Triumph Capital Management bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth about $40,000.

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.