First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Short Interest Update

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 72,944 shares, a drop of 73.8% from the February 26th total of 277,974 shares. Based on an average trading volume of 439,630 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 439,630 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRID. CIBC Private Wealth Group LLC boosted its holdings in 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 during the last quarter. Clearstead Advisors LLC grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the 3rd quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after buying an additional 99 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at about $31,000. JNBA Financial Advisors raised its position in shares of 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 acquiring an additional 227 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at approximately $40,000.

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

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock traded up $3.09 on Wednesday, hitting $168.46. 212,772 shares of the company’s stock traded hands, compared to its average volume of 570,269. The firm’s 50-day moving average price is $168.24 and its two-hundred day moving average price is $158.22. The stock has a market capitalization of $6.51 billion, a PE ratio of 23.47 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a one year low of $99.78 and a one year high of $179.35.

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.