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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 41,500 shares, a drop of 74.5% from the February 28th total of 162,800 shares. Based on an average daily volume of 193,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors have recently modified their holdings of GRID. Proficio Capital Partners LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8,655.1% in the 4th quarter. Proficio Capital Partners LLC now owns 7,194,291 shares of the company’s stock worth $858,567,000 after purchasing an additional 7,112,118 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.2% during the 4th quarter. Bank of America Corp DE now owns 841,218 shares of the company’s stock valued at $100,391,000 after purchasing an additional 17,727 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.5% in the fourth quarter. LPL Financial LLC now owns 673,232 shares of the company’s stock worth $80,344,000 after buying an additional 157,331 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 392,666 shares of the company’s stock worth $46,861,000 after buying an additional 74,010 shares in the last quarter. Finally, Traphagen Investment Advisors LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.3% during the fourth quarter. Traphagen Investment Advisors LLC now owns 327,732 shares of the company’s stock valued at $39,111,000 after buying an additional 7,372 shares during the last quarter.

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

Shares of GRID traded down $1.73 during mid-day trading on Friday, reaching $114.15. The company had a trading volume of 98,510 shares, compared to its average volume of 138,087. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 24.44 and a beta of 1.25. The firm has a 50-day moving average price of $119.97 and a 200 day moving average price of $122.48. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52 week low of $107.51 and a 52 week high of $129.02.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.1394 dividend. This represents a $0.56 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, March 27th.

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.