Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Decreases By 60.5%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 230,352 shares, a drop of 60.5% from the May 31st total of 583,206 shares. Based on an average daily volume of 690,609 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 1.8%

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock traded up $3.25 on Monday, hitting $188.36. 343,368 shares of the company were exchanged, compared to its average volume of 700,815. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26. The company has a 50-day moving average price of $190.70 and a 200 day moving average price of $173.77. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $137.37 and a 1-year high of $199.99.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a dividend of $0.7555 per share. The ex-dividend date is Thursday, June 25th. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.10. This represents a $3.02 dividend on an annualized basis and a yield of 1.6%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC lifted its position in 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 lifted its holdings in shares of 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 worth $31,000 after acquiring an additional 99 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth approximately $31,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 1st quarter worth approximately $34,000. Finally, Triumph Capital Management acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at approximately $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.