Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Increases By 126.5%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 177,059 shares, a growth of 126.5% from the December 15th total of 78,172 shares. Based on an average trading volume of 286,795 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 286,795 shares, the days-to-cover ratio is currently 0.6 days.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 0.9%

Shares of NASDAQ GRID traded up $1.39 during trading on Thursday, reaching $157.77. 220,749 shares of the stock were exchanged, compared to its average volume of 418,962. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 23.47 and a beta of 1.25. The business’s 50-day moving average price is $153.35 and its 200 day moving average price is $149.06. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $99.78 and a twelve month high of $159.97.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.338 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend 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.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisory Group LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.4% in the fourth quarter. Private Advisory Group LLC now owns 1,548 shares of the company’s stock valued at $237,000 after purchasing an additional 65 shares during the last quarter. Silver Oak Securities Incorporated raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 6.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 1,237 shares of the company’s stock valued at $191,000 after purchasing an additional 71 shares in the last quarter. Rathbones Group PLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.4% during the 2nd quarter. Rathbones Group PLC now owns 17,262 shares of the company’s stock valued at $2,400,000 after buying an additional 72 shares during the last quarter. TFB Advisors LLC grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.8% during the third quarter. TFB Advisors LLC now owns 1,628 shares of the company’s stock worth $248,000 after buying an additional 74 shares in the last quarter. Finally, Wealthcare Capital Partners LLC increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.4% in the fourth quarter. Wealthcare Capital Partners LLC now owns 5,623 shares of the company’s stock worth $860,000 after buying an additional 77 shares during the last quarter.

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.