First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Update

Key Points

• First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) experienced a significant 66.5% decline in short interest from 474,800 shares to 159,100 shares in September.
• The fund declared a quarterly dividend of $0.2357 per share, resulting in an annual yield of 0.6%, which was paid on September 30th to record shareholders.
• Several institutional investors made moves in the fund during the third quarter, with Perigon Wealth Management purchasing a new stake valued at approximately $304,000.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - ) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 159,100 shares, a decline of 66.5% from the September 15th total of 474,800 shares. Based on an average daily trading volume, of 259,900 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 259,900 shares, the short-interest ratio is presently 0.6 days.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 0.6%

NASDAQ:GRID opened at $154.18 on Friday. The company has a market cap of $4.16 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 twelve month low of $99.78 and a twelve month high of $155.78. The company's 50-day moving average price is $147.53 and its 200-day moving average price is $135.52.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.2357 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th.

Hedge Funds Weigh In On 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 GRID. Perigon Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at approximately $304,000. Apollon Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at about $214,000. HBW Advisory Services LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.0% in the third quarter. HBW Advisory Services LLC now owns 10,193 shares of the company's stock valued at $1,540,000 after purchasing an additional 198 shares during the period. Quad Cities Investment Group LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth about $408,000. Finally, CWM LLC grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 25.9% during the third quarter. CWM LLC now owns 6,364 shares of the company's stock worth $961,000 after buying an additional 1,309 shares during the period.

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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