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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a large 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 shares of the company are sold short. Based on an average trading volume of 752,877 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Focus Partners Wealth raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% during the first quarter. Focus Partners Wealth now owns 9,716 shares of the company’s stock worth $1,099,000 after purchasing an additional 395 shares in the last quarter. Creative Planning boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the 2nd quarter. Creative Planning now owns 2,128 shares of the company’s stock valued at $296,000 after purchasing an additional 87 shares in the last quarter. JPMorgan Chase & Co. increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5,283.9% during 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 during the period. Raymond James Financial Inc. increased its position in 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 during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 314,059 shares of the company’s stock worth $43,634,000 after buying an additional 11,313 shares in the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 1.4%

Shares of GRID stock opened at $179.19 on Friday. The business’s 50 day moving average is $183.20 and its two-hundred day moving average is $181.42. 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 company has a market capitalization of $11.58 billion, a P/E ratio of 23.47 and a beta of 1.26.

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 paid a $0.7555 dividend. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, June 25th. This represents a $3.02 annualized dividend and a dividend yield of 1.7%.

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.