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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) was the target 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 company's shares 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 hedge funds have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at approximately $78,000. Ameriflex Group Inc. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth $26,000. GTS Securities LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth $3,259,000. First Heartland Consultants Inc. increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.0% during the fourth quarter. First Heartland Consultants Inc. now owns 70,266 shares of the company's stock valued at $8,386,000 after buying an additional 686 shares during the period. Finally, Sentinus LLC raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 37.6% in the fourth quarter. Sentinus LLC now owns 7,310 shares of the company's stock valued at $872,000 after acquiring an additional 1,997 shares in the last quarter.

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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 2.3 %

Shares of GRID traded up $2.62 during trading hours on Friday, reaching $117.12. 151,250 shares of the company traded hands, compared to its average volume of 132,117. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 22.84 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $107.51 and a 12-month high of $129.02. The stock's fifty day moving average price is $120.34 and its 200 day moving average price is $122.56.

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.