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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 72,944 shares, a drop of 73.8% from the February 26th total of 277,974 shares. Based on an average daily trading volume, of 439,630 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 1.3%

Shares of NASDAQ:GRID traded down $2.07 during trading on Friday, hitting $159.50. 359,165 shares of the stock were exchanged, compared to its average volume of 608,606. The company has a market cap of $6.16 billion, a PE ratio of 23.47 and a beta of 1.25. The company has a fifty day moving average price of $168.56 and a two-hundred day moving average price of $158.42. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 12-month low of $99.78 and a 12-month high of $179.35.

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 Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a $0.1004 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.40 annualized dividend and a yield of 0.3%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nautilus Advisors LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth approximately $209,000. FWL Investment Management LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 7.1% during the 2nd quarter. FWL Investment Management LLC now owns 2,567 shares of the company’s stock valued at $357,000 after buying an additional 170 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,385.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,381 shares of the company’s stock worth $2,833,000 after buying an additional 19,009 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter worth $55,000. Finally, Smith Moore & CO. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter worth $204,000.

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.