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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 185,471 shares, a growth of 80.3% from the July 30th total of 102,888 shares. Based on an average daily trading volume, of 194,866 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.5% of the company’s shares are sold short.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Down 3.3%

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund stock traded down $1.66 during trading on Friday, hitting $48.89. The stock had a trading volume of 151,057 shares, compared to its average volume of 172,033. The stock has a 50 day simple moving average of $53.49 and a 200 day simple moving average of $54.15. The company has a market capitalization of $586.68 million, a PE ratio of 23.20 and a beta of 1.64. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1 year low of $36.69 and a 1 year high of $69.20.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCLN. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock worth $126,774,000 after buying an additional 2,823,157 shares during the period. Wells Fargo & Company MN boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% during the 4th quarter. Wells Fargo & Company MN now owns 292,986 shares of the company’s stock worth $13,065,000 after acquiring an additional 85,902 shares during the period. UBS Group AG boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% during the 4th quarter. UBS Group AG now owns 270,109 shares of the company’s stock worth $12,045,000 after acquiring an additional 156,142 shares during the period. LPL Financial LLC grew its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 27.6% during the 4th quarter. LPL Financial LLC now owns 250,739 shares of the company’s stock valued at $11,181,000 after acquiring an additional 54,286 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% in the fourth quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock worth $8,000,000 after purchasing an additional 64,165 shares in the last quarter.

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.