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 recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 305,100 shares, a growth of 265.0% from the November 15th total of 83,600 shares. Based on an average daily trading volume, of 130,700 shares, the short-interest ratio is presently 2.3 days.

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

Shares of NASDAQ:GRID traded down $0.51 during midday trading on Friday, hitting $124.10. 44,934 shares of the company’s stock traded hands, compared to its average volume of 103,081. The firm’s fifty day moving average price is $125.18 and its two-hundred day moving average price is $121.47. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $98.28 and a twelve month high of $129.02. The company has a market cap of $1.92 billion, a PE ratio of 29.38 and a beta of 1.25.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.2512 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 95.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,833 shares of the company’s stock valued at $2,363,000 after buying an additional 9,188 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at $1,525,000. SGL Investment Advisors Inc. acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth $505,000. MML Investors Services LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.4% in the 3rd quarter. MML Investors Services LLC now owns 49,049 shares of the company’s stock worth $6,241,000 after purchasing an additional 2,082 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth about $141,000.

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.