First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Stock Short Interest Report for October

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 74,363 shares, a drop of 69.9% from the October 15th total of 247,455 shares. Based on an average trading volume of 667,197 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CENTRAL TRUST Co acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at about $26,000. Hantz Financial Services Inc. raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 430.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 142 shares during the period. Root Financial Partners LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $36,000. Latitude Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $40,000. Finally, Arlington Trust Co LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth approximately $48,000.

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

Shares of NASDAQ:GRID traded down $1.10 during midday trading on Friday, hitting $160.29. 350,463 shares of the company’s stock traded hands, compared to its average volume of 655,543. The firm’s fifty day moving average price is $172.78 and its two-hundred day moving average price is $178.48. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $144.62 and a twelve month high of $199.99. The company has a market cap of $10.73 billion, a PE ratio of 25.09 and a beta of 1.27.

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. Shareholders of record on Thursday, September 24th were given a $0.3534 dividend. This represents a $1.41 annualized dividend and a yield of 0.9%. This is a drop from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555. The ex-dividend date of this dividend was Thursday, September 24th.

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.