First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Significant Growth in Short Interest

by · The Markets Daily

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 540,556 shares, an increase of 101.8% from the July 30th total of 267,932 shares. Based on an average daily volume of 752,877 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock valued at $26,000 after acquiring an additional 148 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth $31,000. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter valued at $34,000. Triumph Capital Management acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth $40,000. Finally, Park Square Financial Group LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $48,000.

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

Shares of NASDAQ GRID traded down $2.52 during trading on Friday, hitting $179.19. 407,370 shares of the company traded hands, compared to its average volume of 679,608. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26. The business’s fifty day moving average is $183.20 and its 200 day moving average is $181.47. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a fifty-two week low of $139.18 and a fifty-two week high of $199.99.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.7555 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was 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.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

(Get Free Report)

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.

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