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 - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 216,600 shares, an increase of 581.1% from the April 30th total of 31,800 shares. Based on an average daily volume of 143,500 shares, the short-interest ratio is presently 1.5 days. Currently, 1.3% of the shares of the stock are sold short.

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

A number of hedge funds have recently modified their holdings of GRID. Ameriflex Group Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at about $26,000. US Bancorp DE raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the fourth quarter. US Bancorp DE now owns 236 shares of the company's stock valued at $28,000 after buying an additional 86 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at about $49,000. Finally, Geneos Wealth Management Inc. raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 438 shares of the company's stock valued at $52,000 after buying an additional 238 shares during the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.3%

GRID traded up $0.43 during midday trading on Monday, hitting $130.36. 90,214 shares of the company traded hands, compared to its average volume of 139,285. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 24.79 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52-week low of $99.78 and a 52-week high of $131.66. The business has a 50 day simple moving average of $118.95 and a two-hundred day simple moving average of $120.51.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1394 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, March 27th.

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.