First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Short Interest Update

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 100,421 shares, a drop of 45.9% from the August 15th total of 185,471 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 161,395 shares, the days-to-cover ratio is currently 0.6 days.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 3.4%

Shares of NASDAQ:QCLN traded up $1.61 during midday trading on Thursday, reaching $48.34. The company’s stock had a trading volume of 34,054 shares, compared to its average volume of 168,248. The firm has a 50 day moving average of $50.81 and a 200-day moving average of $53.97. The firm has a market capitalization of $555.91 million, a P/E ratio of 23.20 and a beta of 1.64. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12-month low of $39.83 and a 12-month high of $69.20.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Several hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 0.8% during the first quarter. NewEdge Advisors LLC now owns 23,672 shares of the company’s stock valued at $1,100,000 after buying an additional 183 shares during the period. Parallel Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 31.4% during the 1st quarter. Parallel Advisors LLC now owns 795 shares of the company’s stock worth $37,000 after buying an additional 190 shares during the last quarter. Nilsine Partners LLC grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 21,488 shares of the company’s stock worth $1,318,000 after purchasing an additional 216 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.2% during the first quarter. Walkner Condon Financial Advisors LLC now owns 20,299 shares of the company’s stock valued at $943,000 after buying an additional 241 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd increased its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 6.0% in the first quarter. Evelyn Partners Asset Management Ltd now owns 4,460 shares of the company’s stock valued at $207,000 after purchasing an additional 251 shares during the period.

First Trust NASDAQ Clean Edge Green Energy Index Fund Company Profile

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.