First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Significant Decline in Short Interest

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 136,700 shares, a decline of 21.8% from the September 30th total of 174,700 shares. Based on an average daily trading volume, of 110,700 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GRID. Meitav Investment House Ltd. lifted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 12.4% in the 3rd quarter. Meitav Investment House Ltd. now owns 35,288 shares of the company's stock worth $4,490,000 after purchasing an additional 3,893 shares in the last quarter. Voisard Asset Management Group Inc. grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2,761.9% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 6,010 shares of the company's stock valued at $765,000 after purchasing an additional 5,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at about $361,000. PFG Investments LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.6% during the 3rd quarter. PFG Investments LLC now owns 42,876 shares of the company's stock valued at $5,456,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at about $56,000.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 1.3 %

Shares of GRID traded up $1.59 during trading hours on Monday, reaching $126.21. 284,262 shares of the stock traded hands, compared to its average volume of 97,676. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52-week low of $85.42 and a 52-week high of $129.02. The company's 50-day moving average price is $123.44 and its two-hundred day moving average price is $119.37. The company has a market cap of $1.93 billion, a P/E ratio of 29.38 and a beta of 1.25.

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

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

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.