Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Expands By 399.4%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 162,800 shares, an increase of 399.4% from the February 13th total of 32,600 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 181,100 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8,655.1% during the fourth quarter. Proficio Capital Partners LLC now owns 7,194,291 shares of the company’s stock worth $858,567,000 after acquiring an additional 7,112,118 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth approximately $32,213,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at $20,039,000. LPL Financial LLC raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.5% in the fourth quarter. LPL Financial LLC now owns 673,232 shares of the company’s stock worth $80,344,000 after acquiring an additional 157,331 shares during the period. Finally, Flow Traders U.S. LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 513.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 187,378 shares of the company’s stock worth $23,844,000 after acquiring an additional 156,820 shares in the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 1.1 %

NASDAQ GRID traded up $1.26 on Wednesday, hitting $115.99. 132,353 shares of the company’s stock traded hands, compared to its average volume of 130,470. The firm has a market capitalization of $2.08 billion, a PE ratio of 22.84 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $107.51 and a 1-year high of $129.02. The firm’s 50-day moving average price is $120.58 and its two-hundred day moving average price is $122.68.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.2731 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.