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) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 41,500 shares, a decrease of 74.5% from the February 28th total of 162,800 shares. Based on an average daily trading volume, of 193,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 1.5 %

GRID stock opened at $114.15 on Friday. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $107.51 and a twelve month high of $129.02. The company has a market cap of $2.04 billion, a PE ratio of 24.44 and a beta of 1.25. The business’s 50-day simple moving average is $119.79 and its 200 day simple moving average is $122.46.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.1394 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GRID. FSA Wealth Management LLC bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at $25,000. Ameriflex Group Inc. bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at about $26,000. US Bancorp DE raised its position in 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 purchasing an additional 86 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in 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 purchasing an additional 238 shares during the period. Finally, Private Trust Co. NA lifted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2,000.0% during the fourth quarter. Private Trust Co. NA now owns 525 shares of the company’s stock worth $63,000 after purchasing an additional 500 shares during the period.

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.