First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Short Interest Down 51.2% in June

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 78,267 shares, a drop of 51.2% from the May 31st total of 160,357 shares. Based on an average daily volume of 250,273 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the shares of the stock are sold short.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

Shares of QCLN stock traded down $1.67 during trading hours on Wednesday, reaching $59.65. The company had a trading volume of 115,090 shares, compared to its average volume of 155,590. The stock has a fifty day moving average of $61.17 and a 200-day moving average of $52.83. The company has a market capitalization of $751.59 million, a price-to-earnings ratio of 23.20 and a beta of 1.62. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12-month low of $32.97 and a 12-month high of $69.20.

Institutional Trading of First Trust NASDAQ Clean Edge Green Energy Index Fund

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank raised its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% during the 1st quarter. Comerica Bank now owns 3,367 shares of the company’s stock worth $96,000 after acquiring an additional 530 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 26.3% in the first quarter. Goldman Sachs Group Inc. now owns 44,063 shares of the company’s stock valued at $1,261,000 after purchasing an additional 9,175 shares during the period. Jane Street Group LLC increased its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 4.8% during the first quarter. Jane Street Group LLC now owns 44,725 shares of the company’s stock worth $1,280,000 after purchasing an additional 2,029 shares during the last quarter. Focus Partners Wealth purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter worth about $230,000. Finally, NewEdge Advisors LLC raised its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 7.7% during the second quarter. NewEdge Advisors LLC now owns 19,861 shares of the company’s stock worth $649,000 after purchasing an additional 1,427 shares during the period.

About First Trust NASDAQ Clean Edge Green Energy Index Fund

First Trust NASDAQ Clean Edge Green Energy Index Fund (the Fund), formerly First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ Clean Edge Green Energy Index (the Index) (formerly NASDAQ Clean Edge U.S. Liquid Series Index). The Index is an equity index designed to track the performance of clean energy companies that are publicly traded in the United States, and includes companies engaged in the manufacturing, development, distribution and installation of clean-energy technologies, including, but not limited to, solar photovoltaics, biofuels and advanced batteries.