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 target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 232,863 shares, a drop of 41.6% from the August 31st total of 398,512 shares. Based on an average daily volume of 543,627 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of large investors have recently made changes to their positions in GRID. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% in the fourth 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 period. Cetera Investment Advisers grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 160.5% during the first quarter. Cetera Investment Advisers now owns 568,057 shares of the company’s stock worth $92,923,000 after buying an additional 349,964 shares in the last quarter. Bank of America Corp DE increased its stake in 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 worth $347,049,000 after acquiring an additional 340,826 shares during the period. Royal Bank of Canada increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.1% during the 1st quarter. Royal Bank of Canada now owns 441,118 shares of the company’s stock worth $72,158,000 after acquiring an additional 168,929 shares during the period. Finally, Prudential PLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 7,242.9% in the 4th quarter. Prudential PLC now owns 102,800 shares of the company’s stock valued at $15,730,000 after acquiring an additional 101,400 shares in the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 1.0%

GRID opened at $178.80 on Friday. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $144.62 and a 12-month high of $199.99. The business has a 50 day moving average of $180.11 and a 200-day moving average of $182.33. The stock has a market cap of $11.96 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.3534 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a drop from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555. This represents a $1.41 annualized dividend and a dividend yield of 0.8%.

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.