First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Down 46.0% in January

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 95,531 shares, a decline of 46.0% from the December 31st total of 177,059 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 423,950 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 423,950 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 1.2%

GRID stock traded down $2.04 during midday trading on Friday, hitting $164.87. The company’s stock had a trading volume of 423,055 shares, compared to its average volume of 487,762. The company has a 50 day moving average of $155.49 and a two-hundred day moving average of $150.83. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12 month low of $99.78 and a 12 month high of $167.69. The firm has a market capitalization of $6.22 billion, a price-to-earnings 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 declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.338 dividend. This represents a $1.35 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GRID. Focus Partners Wealth lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% in the first quarter. Focus Partners Wealth now owns 9,716 shares of the company’s stock valued at $1,099,000 after purchasing an additional 395 shares during the period. Janney Montgomery Scott LLC raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 43,963 shares of the company’s stock valued at $6,112,000 after acquiring an additional 1,683 shares in the last quarter. FSA Wealth Partners Inc. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth $667,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 63.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 700 shares of the company’s stock worth $97,000 after purchasing an additional 272 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter worth about $36,000.

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.