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

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

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

A number of institutional investors have recently bought and sold shares of GRID. FSA Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at $25,000. Ameriflex Group Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at $26,000. US Bancorp DE raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during the 4th quarter. US Bancorp DE now owns 236 shares of the company’s stock valued at $28,000 after buying an additional 86 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 438 shares of the company’s stock valued at $52,000 after buying an additional 238 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth about $63,000.

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

NASDAQ:GRID traded down $1.73 during mid-day trading on Friday, hitting $114.15. 98,510 shares of the company’s stock traded hands, compared to its average volume of 138,087. The company has a fifty day moving average of $119.97 and a 200 day moving average of $122.48. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $107.51 and a twelve month high of $129.02. The company has a market capitalization of $2.04 billion, a P/E ratio of 24.44 and a beta of 1.25.

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 Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.1394 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.49%. The ex-dividend date 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.