Daily Stock Market Reports

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


First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRIDGet Rating) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 55,400 shares, a growth of 350.4% from the August 31st total of 12,300 shares. Based on an average daily trading volume, of 26,100 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tyler Stone Wealth Management purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth about $36,000. Allworth Financial LP acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth approximately $37,000. Mascoma Wealth Management LLC grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,644.8% in the first quarter. Mascoma Wealth Management LLC now owns 506 shares of the company’s stock valued at $48,000 after purchasing an additional 477 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at approximately $51,000. Finally, Private Trust Co. NA acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at approximately $107,000.

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

NASDAQ GRID traded down $0.73 on Tuesday, hitting $75.93. The company had a trading volume of 15,499 shares, compared to its average volume of 48,281. The company’s fifty day moving average price is $85.72 and its 200-day moving average price is $85.32. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $74.82 and a 12-month high of $107.16.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 26th will be paid a dividend of $0.271 per share. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.43%.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

(Get Rating)

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.

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