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) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 83,945 shares, a drop of 17.7% from the February 26th total of 102,048 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 88,770 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock valued at $126,774,000 after acquiring an additional 2,823,157 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the fourth quarter. Wells Fargo & Company MN now owns 292,986 shares of the company’s stock worth $13,065,000 after buying an additional 85,902 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% in the fourth quarter. UBS Group AG now owns 270,109 shares of the company’s stock worth $12,045,000 after buying an additional 156,142 shares during the last quarter. LPL Financial LLC grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 27.6% during the fourth quarter. LPL Financial LLC now owns 250,739 shares of the company’s stock valued at $11,181,000 after buying an additional 54,286 shares during the period. Finally, Royal Bank of Canada increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% during the fourth quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock valued at $8,000,000 after buying an additional 64,165 shares during the last quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

NASDAQ QCLN traded down $1.23 during mid-day trading on Monday, reaching $44.31. The stock had a trading volume of 147,426 shares, compared to its average volume of 94,179. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1 year low of $24.02 and a 1 year high of $52.30. The company has a fifty day moving average price of $48.98 and a 200 day moving average price of $46.28. The stock has a market cap of $527.24 million, a PE ratio of 23.20 and a beta of 1.53.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a $0.0068 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th.

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.