First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Up 75.1% in March

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 127,758 shares, a growth of 75.1% from the March 15th total of 72,944 shares. Based on an average daily trading volume, of 600,627 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

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

Shares of NASDAQ GRID opened at $181.25 on Wednesday. The company’s fifty day moving average price is $170.43 and its 200 day moving average price is $160.39. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1 year low of $109.48 and a 1 year high of $181.58. The company has a market capitalization of $8.56 billion, a PE ratio of 23.47 and a beta of 1.23.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.1004 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after buying an additional 148 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $31,000. Clearstead Advisors LLC raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the period. JNBA Financial Advisors raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% during the third quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock worth $37,000 after acquiring an additional 227 shares during the period. Finally, Coastline Trust Co acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth $40,000.

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.