Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Rises By 73.7%

Key Points

• Short interest in the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) increased by 73.7% in September, rising to 474,800 shares from 273,300 shares in August.
• Institutional investors have shown increased interest, with several firms like Hazlett Burt & Watson Inc. and Hilltop National Bank acquiring new positions in the fund.
• The fund recently declared a quarterly dividend of $0.2357 per share, reflecting an annualized yield of 0.6% for shareholders.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - ) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 474,800 shares, an increase of 73.7% from the August 31st total of 273,300 shares. Based on an average daily volume of 243,200 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 243,200 shares, the days-to-cover ratio is currently 2.0 days.

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

Institutional investors have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth approximately $33,000. Hilltop National Bank acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth about $36,000. Crewe Advisors LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% during the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the company's stock valued at $38,000 after acquiring an additional 175 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter valued at about $49,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter valued at about $55,000.

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

GRID traded up $1.34 on Monday, reaching $153.59. 100,011 shares of the company's stock were exchanged, compared to its average volume of 190,031. The stock's fifty day moving average price is $145.47 and its 200-day moving average price is $133.24. The stock has a market cap of $3.96 billion, a PE 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 $153.87.

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

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

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.

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