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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw 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 currently 0.9 days.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth approximately $78,000. Ameriflex Group Inc. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth approximately $26,000. GTS Securities LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at approximately $3,259,000. First Heartland Consultants Inc. increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.0% in 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 in the last quarter. Finally, Sentinus LLC lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 37.6% during the fourth quarter. Sentinus LLC now owns 7,310 shares of the company’s stock valued at $872,000 after purchasing an additional 1,997 shares in the last quarter.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 2.1 %

GRID traded up $2.38 during midday trading on Friday, hitting $116.88. 58,802 shares of the company were exchanged, compared to its average volume of 131,038. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 22.84 and a beta of 1.25. The company’s 50 day simple moving average is $120.42 and its 200 day simple moving average is $122.58. 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.

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.