First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 147.4% in February

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Performance

Shares of NASDAQ GRID opened at $178.49 on Friday. The firm has a market cap of $6.90 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 1 year low of $99.78 and a 1 year high of $179.35. The firm’s 50 day moving average price is $163.54 and its 200 day moving average price is $154.90.

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

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

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

A number of hedge funds have recently added to or reduced their stakes in GRID. CIBC Private Wealth Group LLC lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after acquiring an additional 148 shares during the period. Clearstead Advisors LLC boosted 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 valued at $31,000 after purchasing an additional 99 shares during the last quarter. JNBA Financial Advisors increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% during the 3rd quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock worth $37,000 after buying an additional 227 shares during the last quarter. Coastline Trust Co purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter worth $40,000. Finally, Triumph Capital Management acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at $40,000.

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.