Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Increases By 174.6%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRIDGet Rating) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 19,500 shares, a growth of 174.6% from the April 30th total of 7,100 shares. Based on an average daily trading volume, of 60,200 shares, the days-to-cover ratio is presently 0.3 days.

Several institutional investors have recently modified their holdings of GRID. Kingsview Wealth Management LLC lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.1% in the third quarter. Kingsview Wealth Management LLC now owns 8,929 shares of the company’s stock worth $827,000 after purchasing an additional 185 shares in the last quarter. Beacon Capital Management Inc. bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth about $513,000. Morgan Stanley boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 28.0% during the 3rd quarter. Morgan Stanley now owns 345,898 shares of the company’s stock worth $32,034,000 after buying an additional 75,590 shares during the last quarter. Atria Investments LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.8% in the 3rd quarter. Atria Investments LLC now owns 19,529 shares of the company’s stock valued at $1,809,000 after acquiring an additional 707 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 16.7% in the third quarter. Cetera Investment Advisers now owns 36,121 shares of the company’s stock valued at $3,345,000 after acquiring an additional 5,181 shares during the last quarter.

GRID opened at $85.16 on Friday. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12 month low of $78.08 and a 12 month high of $107.16. The firm’s fifty day simple moving average is $87.85 and its 200 day simple moving average is $93.55.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were paid a $0.129 dividend. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 0.61%.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (Get Rating)

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.

Read More

Receive News & Ratings for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and related companies with MarketBeat.com's FREE daily email newsletter.