First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Significant Increase in Short Interest

Key Points

• The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) experienced a 52.5% increase in short interest, rising to 82,800 shares as of July 15th.
• Institutional investors have made recent moves, including new stakes and significant position boosts, indicating growing interest in the fund.
• The fund announced a quarterly dividend increase to $0.8347, reflecting a boost from the previous dividend and resulting in a 2.4% yield.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - ) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 82,800 shares, anincreaseof52.5% from the June 30th total of 54,300 shares. Based on an average trading volume of 144,700 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 144,700 shares, the days-to-cover ratio is presently 0.6 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth $26,000. Hilltop National Bank bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at $36,000. Crewe Advisors LLC boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% during the second quarter. Crewe Advisors LLC now owns 275 shares of the company's stock valued at $38,000 after buying an additional 175 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth about $33,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth approximately $49,000.

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock opened at $141.88 on Thursday. The stock has a fifty day moving average of $137.77 and a 200-day moving average of $125.55. The stock has a market capitalization of $2.93 billion, a P/E ratio of 23.47 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 $145.44.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.8347 dividend. This represents a $3.34 annualized dividend and a dividend yield of 2.4%. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 26th.

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.

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