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) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 230,352 shares, a decrease of 60.5% from the May 31st total of 583,206 shares. Based on an average daily trading volume, of 690,609 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% in the 4th quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock valued at $451,252,000 after purchasing an additional 691,924 shares during the last quarter. LPL Financial LLC raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% during the fourth quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock worth $260,104,000 after buying an additional 503,963 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 47.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,527,000 shares of the company’s stock worth $233,662,000 after buying an additional 490,000 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 160.5% in the first quarter. Cetera Investment Advisers now owns 568,057 shares of the company’s stock valued at $92,923,000 after buying an additional 349,964 shares during the period. Finally, Bank of America Corp DE lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 19.1% in the first quarter. Bank of America Corp DE now owns 2,121,584 shares of the company’s stock valued at $347,049,000 after buying an additional 340,826 shares during the period.

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

Shares of GRID opened at $191.75 on Wednesday. The business’s fifty day moving average price is $191.03 and its two-hundred day moving average price is $174.27. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52 week low of $137.37 and a 52 week high of $199.99.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.7555 dividend. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.10. This represents a $3.02 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, June 25th.

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.