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

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth about $156,670,000. UBS Group AG boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.8% during the 4th quarter. UBS Group AG now owns 1,267,833 shares of the company’s stock worth $194,004,000 after acquiring an additional 298,762 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 21.3% in the 3rd quarter. Bank of America Corp DE now owns 1,447,811 shares of the company’s stock worth $218,735,000 after buying an additional 254,139 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 12,104.4% in the fourth quarter. Perigon Wealth Management LLC now owns 245,918 shares of the company’s stock worth $37,630,000 after acquiring an additional 243,903 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 48.8% during the 3rd quarter. Raymond James Financial Inc. now owns 488,797 shares of the company’s stock worth $73,847,000 after purchasing an additional 160,351 shares during the period.

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

Shares of GRID traded down $2.04 during mid-day trading on Friday, reaching $164.87. The stock had a trading volume of 423,055 shares, compared to its average volume of 487,762. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 23.47 and a beta of 1.25. The business has a fifty day moving average of $155.49 and a 200 day moving average of $150.91. 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.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.338 per share. 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. This represents a $1.35 annualized dividend and a dividend yield of 0.8%.

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

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.