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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 534,113 shares, a growth of 147.4% from the January 29th total of 215,855 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 980,492 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 980,492 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.4% of the shares of the company are sold short.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 0.4%

Shares of NASDAQ GRID opened at $177.85 on Friday. The stock has a market cap of $6.87 billion, a P/E ratio of 23.47 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $99.78 and a twelve month high of $179.35. The stock has a 50 day moving average of $164.04 and a two-hundred day moving average of $155.22.

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GRID. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at about $156,670,000. Morgan Stanley grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% during the fourth quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock worth $451,252,000 after buying an additional 691,924 shares during the last quarter. LPL Financial LLC increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% in the 4th quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock valued at $260,104,000 after acquiring an additional 503,963 shares during the period. Wells Fargo & Company MN raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 43.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,023,888 shares of the company’s stock valued at $156,675,000 after acquiring an additional 307,664 shares during the last quarter. Finally, UBS Group AG lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.8% during the 4th quarter. UBS Group AG now owns 1,267,833 shares of the company’s stock worth $194,004,000 after acquiring an additional 298,762 shares during the period.

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.