Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Rises By 265.0%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a large growth in short interest during 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 currently 2.3 days.

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

Shares of NASDAQ:GRID traded down $1.28 on Thursday, hitting $124.61. 72,657 shares of the company’s stock were exchanged, compared to its average volume of 103,333. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $98.28 and a 1-year high of $129.02. The company has a market capitalization of $1.93 billion, a PE ratio of 29.38 and a beta of 1.25. The firm’s 50-day moving average is $125.18 and its 200 day moving average is $121.45.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2512 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, September 26th.

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

Hedge funds have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth $32,000. Front Row Advisors LLC grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% during the 2nd quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock worth $39,000 after purchasing an additional 300 shares during the last quarter. Concourse Financial Group Securities Inc. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth $42,000. Finally, Values First Advisors Inc. acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at $56,000.

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.