Short Interest in First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Expands By 80.3%

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 185,471 shares, an increase of 80.3% from the July 30th total of 102,888 shares. Based on an average daily trading volume, of 194,866 shares, the short-interest ratio is presently 1.0 days. Approximately 1.5% of the shares of the stock are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 0.8% in the first quarter. NewEdge Advisors LLC now owns 23,672 shares of the company’s stock worth $1,100,000 after acquiring an additional 183 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 31.4% in the first quarter. Parallel Advisors LLC now owns 795 shares of the company’s stock valued at $37,000 after acquiring an additional 190 shares in the last quarter. Nilsine Partners LLC boosted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.0% in the second quarter. Nilsine Partners LLC now owns 21,488 shares of the company’s stock valued at $1,318,000 after purchasing an additional 216 shares during the period. Janney Montgomery Scott LLC boosted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,016 shares of the company’s stock valued at $580,000 after purchasing an additional 220 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.2% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 20,299 shares of the company’s stock worth $943,000 after purchasing an additional 241 shares in the last quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Down 2.3%

NASDAQ:QCLN opened at $47.78 on Tuesday. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12 month low of $36.69 and a 12 month high of $69.20. The stock has a 50 day moving average of $53.17 and a two-hundred day moving average of $54.14. The firm has a market cap of $573.31 million, a P/E ratio of 23.20 and a beta of 1.64.

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.