First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 265.0% in November

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 305,100 shares, an increase of 265.0% from the November 15th total of 83,600 shares. Based on an average daily trading volume, of 130,700 shares, the days-to-cover ratio is currently 2.3 days.

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

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 18,926.4% during the 3rd quarter. International Assets Investment Management LLC now owns 505,913 shares of the company’s stock worth $64,377,000 after acquiring an additional 503,254 shares during the last quarter. LPL Financial LLC lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 31.8% during the second quarter. LPL Financial LLC now owns 419,669 shares of the company’s stock valued at $48,505,000 after purchasing an additional 101,175 shares in the last quarter. Traphagen Investment Advisors LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 10.1% during the third quarter. Traphagen Investment Advisors LLC now owns 320,360 shares of the company’s stock worth $40,766,000 after purchasing an additional 29,349 shares during the last quarter. Flow Traders U.S. LLC grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 513.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 187,378 shares of the company’s stock worth $23,844,000 after purchasing an additional 156,820 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 171.1% during the 3rd quarter. Stifel Financial Corp now owns 125,127 shares of the company’s stock worth $15,933,000 after buying an additional 78,980 shares in the last quarter.

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock traded up $1.55 during mid-day trading on Wednesday, reaching $125.89. The stock had a trading volume of 168,625 shares, compared to its average volume of 103,461. The firm has a market capitalization of $1.95 billion, a PE ratio of 29.38 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a fifty-two week low of $98.28 and a fifty-two week high of $129.02. The stock’s 50-day simple moving average is $125.18 and its 200-day simple moving average is $121.45.

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

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.2512 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.80%.

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.