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 large growth in short interest in May. As of May 29th, there was short interest totaling 583,206 shares, a growth of 130.6% from the May 14th total of 252,926 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 908,603 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors have recently bought and sold shares of the business. Morgan Stanley lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% during the 4th quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock valued at $451,252,000 after buying an additional 691,924 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% during the 4th quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock valued at $260,104,000 after buying an additional 503,963 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 47.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,527,000 shares of the company’s stock valued at $233,662,000 after buying an additional 490,000 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 160.5% during the 1st quarter. Cetera Investment Advisers now owns 568,057 shares of the company’s stock valued at $92,923,000 after buying an additional 349,964 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 19.1% during the 1st quarter. Bank of America Corp DE now owns 2,121,584 shares of the company’s stock valued at $347,049,000 after buying an additional 340,826 shares during the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 0.2%

Shares of GRID opened at $189.01 on Friday. The business’s 50-day moving average price is $187.10 and its 200 day moving average price is $170.84. The stock has a market capitalization of $9.91 billion, a P/E ratio of 23.47 and a beta of 1.26. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $131.86 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 Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1004 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%.

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.