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) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 215,855 shares, a growth of 126.0% from the January 15th total of 95,531 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 533,833 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 533,833 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 1.1%

Shares of GRID traded down $1.93 during mid-day trading on Thursday, hitting $175.01. 645,492 shares of the company’s stock were exchanged, compared to its average volume of 660,785. The business’s 50 day moving average is $159.01 and its two-hundred day moving average is $152.59. 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 market capitalization of $6.76 billion, a P/E ratio of 23.47 and a beta of 1.25.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 0.8%. 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.

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

Several large investors have recently bought and sold shares of GRID. CIBC Private Wealth Group LLC raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% in 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 during the last quarter. Clearstead Advisors LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% in the 3rd quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock valued at $31,000 after buying an additional 99 shares during the period. JNBA Financial Advisors increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% during the third quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock worth $37,000 after purchasing an additional 227 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at $40,000. Finally, Triumph Capital Management purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth about $40,000.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

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.