First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Down 21.8% in October

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 136,700 shares, a drop of 21.8% from the September 30th total of 174,700 shares. Based on an average daily trading volume, of 110,700 shares, the short-interest ratio is presently 1.2 days.

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

A number of large investors have recently added to or reduced their stakes in GRID. Ashton Thomas Private Wealth LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter valued at about $32,000. Front Row Advisors LLC raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% during the second quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock valued at $39,000 after purchasing an additional 300 shares in the last quarter. Concourse Financial Group Securities Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter valued at about $42,000. Values First Advisors Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at about $56,000. Finally, Eastern Bank bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at about $85,000.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.3 %

NASDAQ GRID opened at $124.62 on Monday. The stock’s 50-day simple moving average is $123.31 and its two-hundred day simple moving average is $119.27. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $85.10 and a twelve month high of $129.02. The company has a market capitalization of $1.91 billion, a price-to-earnings 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 declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given 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 yield of 0.81%.

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.