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


First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ: GRIDGet a rating) benefited from significant growth in short-term interest rates in March. As of March 31, there were short interests totaling 21,500 shares, a growth of 186.7% from the March 15 total of 7,500 shares. Based on an average daily volume of 64,200 shares, the short interest ratio is currently 0.3 days.

Shares of NASDAQ GRID opened at $90.21 on Thursday. The stock has a 50-day moving average price of $90.67 and a 200-day moving average price of $96.29. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52 week low of $83.00 and a 52 week high of $107.16.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Monday, March 28 received a dividend of $0.129 per share. The ex-dividend date was Friday, March 25. This represents a dividend of $0.52 on an annualized basis and a yield of 0.57%. This is a positive change from the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.04.

A number of institutional investors have recently bought and sold shares of GRID. Bank of America Corp DE increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 31.6% during the fourth quarter. Bank of America Corp DE now owns 357,879 shares of the company worth $36,743,000 after purchasing an additional 85,946 shares during the period. Morgan Stanley increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 44.6% during the second quarter. Morgan Stanley now owns 270,308 shares of the company worth $25,033,000 after purchasing an additional 83,422 shares during the period. Money Design Co.Ltd. acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the first quarter for a value of $6,910,000. LPL Financial LLC increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.0% during the third quarter. LPL Financial LLC now owns 226,186 shares of the company worth $20,947,000 after purchasing an additional 66,897 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 39.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 142,370 shares of the company worth $14,617,000 after purchasing an additional 40,289 shares during the period.

Company Profile First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (Get a rating)

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (the Fund) seeks investment results that correspond to the price and yield (before fees and expenses of the Fund) of a market index called NASDAQ OMX Clean Edge Smart Grid Infrastructure Index ( the index). The Fund aims to invest at least 90% of its net assets in common stocks, which make up the Index, or in certificates of deposit, which may include American certificates of deposit (ADR), global certificates of deposit (GDR ), European certificates of deposit (EDR) or other certificates of deposit (collectively certificates of deposit) representing index securities.

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