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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 32,600 shares, a drop of 40.2% from the January 31st total of 54,500 shares. Based on an average daily trading volume, of 176,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GRID. FSA Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at about $25,000. Ameriflex Group Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth about $26,000. US Bancorp DE raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during 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. Geneos Wealth Management Inc. raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 438 shares of the company's stock worth $52,000 after buying an additional 238 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth approximately $63,000.

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

NASDAQ:GRID traded up $2.46 on Wednesday, hitting $117.22. 183,076 shares of the company's stock traded hands, compared to its average volume of 128,519. 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. The company has a market cap of $2.10 billion, a PE ratio of 22.84 and a beta of 1.25. The firm has a 50-day moving average price of $121.07 and a 200-day moving average price of $122.84.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2731 per share. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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.