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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the target of 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. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 161,395 shares, the short-interest ratio is presently 0.6 days.

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

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1,008.5% in the 2nd quarter. Citadel Advisors LLC now owns 49,794 shares of the company’s stock valued at $3,053,000 after acquiring an additional 45,302 shares during the last quarter. Forty three Eighteen Advisors LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 1st quarter worth approximately $1,483,000. Beto Financial Group LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter worth approximately $451,000. Factor Wealth Management LTD bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 1st quarter worth approximately $277,000. Finally, Camden National Bank acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter valued at $258,000.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

QCLN traded down $0.46 during trading on Wednesday, hitting $46.73. The company had a trading volume of 131,745 shares, compared to its average volume of 169,029. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1-year low of $39.65 and a 1-year high of $69.20. The company has a market cap of $537.39 million, a PE ratio of 23.20 and a beta of 1.64. The business has a 50-day moving average of $50.81 and a 200-day moving average of $53.97.

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.