Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Drops By 62.6%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 17,900 shares, a decrease of 62.6% from the March 31st total of 47,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 171,200 shares, the short-interest ratio is presently 0.1 days.

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

Shares of NASDAQ:GRID traded up $0.93 during midday trading on Thursday, hitting $119.55. The company had a trading volume of 73,688 shares, compared to its average volume of 145,058. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $99.78 and a twelve month high of $129.02. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 24.46 and a beta of 1.25. The business's 50-day simple moving average is $114.49 and its 200-day simple moving average is $120.18.

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

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1394 dividend. This represents a $0.56 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth about $26,000. US Bancorp DE increased its holdings 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 worth $28,000 after buying an additional 86 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 1st quarter valued at approximately $49,000. Geneos Wealth Management Inc. lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 438 shares of the company's stock valued at $52,000 after acquiring an additional 238 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth approximately $63,000.

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.