First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 130.6% in May

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a significant 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. Based on an average daily volume of 908,603 shares, the short-interest ratio is currently 0.6 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% in the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after buying an additional 148 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth about $31,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth about $34,000. Clearstead Advisors LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% in the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after buying an additional 99 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth about $40,000.

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

NASDAQ GRID opened at $189.01 on Monday. The stock’s 50-day simple moving average is $187.10 and its two-hundred day simple moving average is $171.00. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $131.86 and a twelve month high of $199.99. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26.

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

The company also recently declared 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%.

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.