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) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 162,800 shares, a growth of 399.4% from the February 13th total of 32,600 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 181,100 shares, the days-to-cover ratio is currently 0.9 days.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 1.1 %

Shares of NASDAQ GRID traded up $1.26 during midday trading on Wednesday, reaching $115.99. 132,353 shares of the company’s stock traded hands, compared to its average volume of 130,470. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 22.84 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a one year low of $107.51 and a one year high of $129.02. The stock’s 50 day simple moving average is $120.58 and its 200-day simple moving average is $122.68.

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

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.2731 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 14,361 shares of the company’s stock valued at $1,827,000 after buying an additional 799 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at approximately $663,000. Sigma Planning Corp boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 352.7% in the 3rd quarter. Sigma Planning Corp now owns 17,927 shares of the company’s stock worth $2,281,000 after purchasing an additional 13,967 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.6% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,166 shares of the company’s stock worth $403,000 after purchasing an additional 111 shares in the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth $646,000.

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.