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 decline in short interest during the month of August. As of August 31st, there was short interest totaling 100,421 shares, a decline of 45.9% from the August 15th total of 185,471 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 161,395 shares, the short-interest ratio is presently 0.6 days.

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

A number of hedge funds have recently modified their holdings of QCLN. Parallel Advisors LLC grew 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 worth $37,000 after purchasing an additional 190 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 2nd quarter worth $74,000. Fifth Third Bancorp raised its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 10,217.1% during the 1st quarter. Fifth Third Bancorp now owns 3,611 shares of the company’s stock worth $168,000 after purchasing an additional 3,576 shares during the last quarter. Evelyn Partners Asset Management Ltd lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 6.0% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,460 shares of the company’s stock worth $207,000 after buying an additional 251 shares during the period. Finally, Valmark Advisers Inc. acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 1st quarter worth about $213,000.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

NASDAQ QCLN traded down $0.36 during trading hours on Tuesday, reaching $47.19. The company’s stock had a trading volume of 85,160 shares, compared to its average volume of 169,241. The firm has a fifty day simple moving average of $51.13 and a 200-day simple moving average of $54.03. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52 week low of $39.36 and a 52 week high of $69.20. The stock has a market cap of $542.68 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.