First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 101.8% in August

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a significant increase in short interest during the month of 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. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 752,877 shares, the days-to-cover ratio is currently 0.7 days.

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

A number of large investors have recently added to or reduced their stakes in the business. Focus Partners Wealth lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% during the 1st quarter. Focus Partners Wealth now owns 9,716 shares of the company’s stock worth $1,099,000 after buying an additional 395 shares during the last quarter. Creative Planning boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the second quarter. Creative Planning now owns 2,128 shares of the company’s stock valued at $296,000 after acquiring an additional 87 shares during the period. JPMorgan Chase & Co. raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5,283.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,375 shares of the company’s stock worth $1,998,000 after purchasing an additional 14,108 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 9.1% during the 2nd quarter. Raymond James Financial Inc. now owns 328,446 shares of the company’s stock worth $45,661,000 after purchasing an additional 27,411 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 314,059 shares of the company’s stock valued at $43,634,000 after buying an additional 11,313 shares during the period.

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

NASDAQ:GRID opened at $179.19 on Monday. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $139.18 and a twelve month high of $199.99. 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 stock’s 50 day moving average price is $183.20 and its two-hundred day moving average price is $181.47.

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. Stockholders of record on Thursday, June 25th were issued a $0.7555 dividend. This represents a $3.02 dividend on an annualized basis and a dividend 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.

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.