Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Drops By 60.5%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 230,352 shares, a decline of 60.5% from the May 31st total of 583,206 shares. Based on an average daily volume of 690,609 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

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

Hedge funds have recently bought and sold shares of the business. VectorGlobal IAG Inc. acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at approximately $1,457,000. Basecamp Wealth Advisors LLC lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 146.6% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $53,000 after buying an additional 192 shares in the last quarter. Rathbones Group PLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.6% in the 1st quarter. Rathbones Group PLC now owns 34,603 shares of the company’s stock valued at $5,660,000 after acquiring an additional 219 shares during the period. Parallel Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 7.9% in the 1st quarter. Parallel Advisors LLC now owns 8,922 shares of the company’s stock valued at $1,459,000 after acquiring an additional 656 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 52.4% in the 1st quarter. NewEdge Advisors LLC now owns 47,263 shares of the company’s stock worth $7,731,000 after acquiring an additional 16,245 shares in the last quarter.

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

GRID stock traded up $3.39 during midday trading on Tuesday, hitting $191.75. 679,589 shares of the stock traded hands, compared to its average volume of 699,580. The stock’s fifty day simple moving average is $190.86 and its 200-day simple moving average is $174.02. The firm has a market cap of $10.06 billion, a P/E ratio of 23.47 and a beta of 1.26. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $137.37 and a 1-year high of $199.99.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.7555 dividend. The ex-dividend date is Thursday, June 25th. This represents a $3.02 annualized dividend and a dividend yield of 1.6%. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.10.

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.