First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Large Increase in Short Interest

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 231,184 shares, an increase of 195.4% from the June 15th total of 78,267 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 204,369 shares, the short-interest ratio is currently 1.1 days.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Up 2.2%

NASDAQ QCLN traded up $1.18 during mid-day trading on Tuesday, reaching $54.75. 85,943 shares of the company’s stock traded hands, compared to its average volume of 161,373. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1-year low of $34.27 and a 1-year high of $69.20. The company has a fifty day simple moving average of $61.18 and a 200-day simple moving average of $53.52. The company has a market cap of $709.06 million, a price-to-earnings ratio of 23.20 and a beta of 1.62.

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

Several large investors have recently added to or reduced their stakes in QCLN. Private Trust Co. NA acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth approximately $29,000. Parallel Advisors LLC increased its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 31.4% in the 1st quarter. Parallel Advisors LLC now owns 795 shares of the company’s stock valued at $37,000 after acquiring an additional 190 shares during the period. Elevated Capital Advisors LLC bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter valued at $75,000. Comerica Bank raised its stake in 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 valued at $96,000 after acquiring an additional 530 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth $109,000.

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.