First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Update

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 232,863 shares, a decrease of 41.6% from the August 31st total of 398,512 shares. Based on an average daily volume of 543,627 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors 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 business. 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 $31,000. Merkkuri Wealth Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at about $34,000. Arlington Trust Co LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at about $48,000. Y.D. More Investments Ltd boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 152.5% during the first quarter. Y.D. More Investments Ltd now owns 303 shares of the company’s stock worth $50,000 after buying an additional 183 shares during the period. Finally, Basecamp Wealth Advisors LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 146.6% during the first quarter. Basecamp Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $53,000 after acquiring an additional 192 shares during the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.3%

GRID stock traded up $0.49 during trading on Thursday, reaching $177.60. 244,797 shares of the stock were exchanged, compared to its average volume of 656,225. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26. The business has a 50 day moving average price of $180.13 and a 200-day moving average price of $182.23. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1 year low of $144.62 and a 1 year high of $199.99.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.3534 dividend. This is a drop from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555. This represents a $1.41 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, September 24th.

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.