Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Declines By 46.0%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 95,531 shares, a decline of 46.0% from the December 31st total of 177,059 shares. Based on an average daily volume of 423,950 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 423,950 shares, the days-to-cover ratio is presently 0.2 days.

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

Several hedge funds have recently modified their holdings of the company. Sigma Planning Corp lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 6.0% during the fourth quarter. Sigma Planning Corp now owns 13,846 shares of the company’s stock valued at $2,119,000 after purchasing an additional 783 shares in the last quarter. Palisades Hudson Asset Management L.P. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $242,000. Bogart Wealth LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 47.1% in the fourth quarter. Bogart Wealth LLC now owns 41,307 shares of the company’s stock worth $6,321,000 after buying an additional 13,219 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 306.6% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 8,596 shares of the company’s stock worth $1,315,000 after acquiring an additional 6,482 shares during the last quarter. Finally, Comerica Bank boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 14.3% during the fourth quarter. Comerica Bank now owns 9,469 shares of the company’s stock worth $1,449,000 after acquiring an additional 1,185 shares during the last quarter.

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

NASDAQ:GRID traded down $2.04 during midday trading on Friday, reaching $164.87. 423,055 shares of the stock traded hands, compared to its average volume of 487,762. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $99.78 and a 12-month high of $167.69. The business has a 50-day moving average of $155.49 and a two-hundred day moving average of $150.91. The stock has a market capitalization of $6.22 billion, a PE ratio of 23.47 and a beta of 1.25.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.338 dividend. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.35 annualized dividend and a dividend yield of 0.8%.

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.