First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Down 74.5% in March

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 41,500 shares, a decline of 74.5% from the February 28th total of 162,800 shares. Based on an average daily volume of 193,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 1.6 %

NASDAQ GRID traded down $1.84 during trading hours on Monday, hitting $112.31. The company had a trading volume of 61,630 shares, compared to its average volume of 138,188. The firm has a market cap of $2.01 billion, a P/E ratio of 24.44 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a fifty-two week low of $107.51 and a fifty-two week high of $129.02. The business has a fifty day simple moving average of $119.79 and a 200-day simple moving average of $122.51.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.1394 dividend. This represents a $0.56 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, March 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. FSA Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at about $26,000. US Bancorp DE lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the 4th quarter. US Bancorp DE now owns 236 shares of the company's stock valued at $28,000 after acquiring an additional 86 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of 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 purchasing an additional 238 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth approximately $63,000.

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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.