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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 17,900 shares, a drop of 62.6% from the March 31st total of 47,900 shares. Based on an average daily volume of 171,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company's stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth approximately $26,000. US Bancorp DE increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the fourth quarter. US Bancorp DE now owns 236 shares of the company's stock worth $28,000 after buying an additional 86 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at $49,000. Geneos Wealth Management Inc. boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 438 shares of the company's stock valued at $52,000 after acquiring an additional 238 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth $63,000.

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock traded up $0.46 during midday trading on Tuesday, hitting $118.28. 80,932 shares of the stock were exchanged, compared to its average volume of 144,498. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1 year low of $99.78 and a 1 year high of $129.02. The firm has a market cap of $2.05 billion, a P/E ratio of 24.46 and a beta of 1.25. The company has a 50 day moving average price of $114.70 and a two-hundred day moving average price of $120.25.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1394 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Thursday, March 27th.

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.