Short Interest in First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Drops By 26.6%

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 131,400 shares, a drop of 26.6% from the December 15th total of 179,074 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,817 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 77,817 shares, the short-interest ratio is currently 1.7 days. Approximately 1.1% of the shares of the stock are short sold.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund stock traded up $0.23 on Friday, hitting $49.57. The company had a trading volume of 111,473 shares, compared to its average volume of 141,152. The business has a 50-day simple moving average of $45.68 and a 200-day simple moving average of $41.82. The company has a market cap of $594.84 million, a PE ratio of 23.20 and a beta of 1.53. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52 week low of $24.02 and a 52 week high of $50.04.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.0442 per share. This is an increase from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03. This represents a $0.18 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, December 12th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the second quarter valued at $50,000. Global Retirement Partners LLC lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% during the 3rd quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock valued at $56,000 after acquiring an additional 513 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 149.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock valued at $68,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Comerica Bank boosted its stake 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 in the last quarter.

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.