First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Down 73.8% in March

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 13th, there was short interest totaling 72,944 shares, a decrease of 73.8% from the February 26th total of 277,974 shares. Based on an average daily volume of 439,630 shares, the days-to-cover ratio is presently 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 3.9%

Shares of NASDAQ GRID traded down $6.57 during mid-day trading on Thursday, hitting $161.57. 2,903,187 shares of the company were exchanged, compared to its average volume of 612,880. The stock has a 50 day simple moving average of $168.48 and a 200-day simple moving average of $158.29. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $99.78 and a 1-year high of $179.35. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 23.47 and a beta of 1.25.

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 Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a dividend of $0.1004 per share. The ex-dividend date is 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 and other institutional investors have recently made changes to their positions in the company. Focus Partners Wealth raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% during the first quarter. Focus Partners Wealth now owns 9,716 shares of the company’s stock worth $1,099,000 after purchasing an additional 395 shares in the last quarter. Creative Planning boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the 2nd quarter. Creative Planning now owns 2,128 shares of the company’s stock valued at $296,000 after purchasing an additional 87 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5,283.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,375 shares of the company’s stock valued at $1,998,000 after purchasing an additional 14,108 shares in the last quarter. Global Retirement Partners LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth approximately $225,000. Finally, Ameritas Investment Partners Inc. increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 77.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,221 shares of the company’s stock worth $170,000 after purchasing an additional 531 shares during the period.

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.