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

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

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its position in shares of 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 shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth about $31,000. Clearstead Advisors LLC grew its position in shares of 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 buying an additional 99 shares in the last quarter. JNBA Financial Advisors grew its position in shares of 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 buying an additional 227 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth about $40,000.

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

NASDAQ GRID opened at $177.79 on Monday. The company has a market cap of $8.37 billion, a P/E ratio of 23.47 and a beta of 1.23. The stock has a 50-day moving average of $169.89 and a two-hundred day moving average of $159.94. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 1-year low of $108.35 and a 1-year high of $179.35.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given 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 dividend yield of 0.2%.

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.