Short Interest in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Drops By 48.0%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 277,974 shares, a drop of 48.0% from the February 12th total of 534,113 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 529,926 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 529,926 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.7% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRID. CIBC Private Wealth Group LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% in the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock valued at $26,000 after purchasing an additional 148 shares during the period. Clearstead Advisors LLC lifted its holdings 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 purchasing an additional 99 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at $31,000. JNBA Financial Advisors grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% in the 3rd quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock valued at $37,000 after buying an additional 227 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at $40,000.

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

Shares of GRID traded down $2.62 during mid-day trading on Thursday, reaching $166.47. 345,461 shares of the company’s stock were exchanged, compared to its average volume of 608,341. The stock has a market capitalization of $6.43 billion, a PE ratio of 23.47 and a beta of 1.25. The business’s fifty day simple moving average is $166.49 and its 200-day simple moving average is $156.68. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52-week low of $99.78 and a 52-week high of $179.35.

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.