First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 126.0% in January

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 215,855 shares, an increase of 126.0% from the January 15th total of 95,531 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 533,833 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 533,833 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Visionary Wealth Advisors grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 269.2% in the fourth quarter. Visionary Wealth Advisors now owns 7,665 shares of the company’s stock valued at $1,173,000 after purchasing an additional 5,589 shares in the last quarter. Stifel Financial Corp raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 12.2% during the 4th quarter. Stifel Financial Corp now owns 261,365 shares of the company’s stock worth $40,009,000 after purchasing an additional 28,463 shares in the last quarter. Morgan Stanley lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% during the 4th quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock valued at $451,252,000 after buying an additional 691,924 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at approximately $222,000. Finally, First Trust Advisors LP bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at approximately $234,000.

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

Shares of GRID traded up $0.39 during mid-day trading on Friday, hitting $175.40. The company’s stock had a trading volume of 555,557 shares, compared to its average volume of 657,285. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 23.47 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a fifty-two week low of $99.78 and a fifty-two week high of $178.79. The firm has a 50-day moving average price of $159.01 and a 200 day moving average price of $152.59.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.338 dividend. The ex-dividend date was Friday, December 12th. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. This represents a $1.35 dividend on an annualized basis and a dividend yield of 0.8%.

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.