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) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 72,944 shares, a decline of 73.8% from the February 26th total of 277,974 shares. Based on an average trading volume of 439,630 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 439,630 shares, the short-interest ratio is currently 0.2 days.

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

Shares of GRID stock traded up $3.09 during trading hours on Wednesday, reaching $168.46. 212,772 shares of the company were exchanged, compared to its average volume of 570,269. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a fifty-two week low of $99.78 and a fifty-two week high of $179.35. The stock’s fifty day moving average is $168.24 and its two-hundred day moving average is $158.22. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 23.47 and a beta of 1.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cambridge Advisors Inc. raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% during the 3rd quarter. Cambridge Advisors Inc. now owns 6,642 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,967 shares during the last quarter. Apeiron RIA LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 14.9% in the 3rd quarter. Apeiron RIA LLC now owns 5,727 shares of the company’s stock valued at $871,000 after purchasing an additional 742 shares during the last quarter. Arvest Investments Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $2,106,000. Richard P Slaughter Associates Inc acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $7,255,000. Finally, Whalen Wealth Management Inc. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth approximately $344,000.

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.