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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 131,400 shares, a drop of 26.6% from the December 15th total of 179,074 shares. Based on an average trading volume of 77,817 shares, the short-interest ratio is presently 1.7 days. Approximately 1.1% of the shares of the stock are short sold. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 77,817 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of First Trust NASDAQ Clean Edge Green Energy Index Fund

Hedge funds have recently made changes to their positions in the stock. PFG Advisors grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 5.3% in the second quarter. PFG Advisors now owns 7,643 shares of the company’s stock worth $250,000 after acquiring an additional 384 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,848 shares of the company’s stock worth $682,000 after purchasing an additional 423 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock worth $56,000 after purchasing an additional 513 shares in the last quarter. Comerica Bank increased its position in shares of 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 purchasing an additional 530 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter valued at about $31,000.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Up 0.5%

Shares of NASDAQ QCLN traded up $0.23 during midday trading on Monday, hitting $49.57. 111,473 shares of the company’s stock were exchanged, compared to its average volume of 141,152. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12-month low of $24.02 and a 12-month high of $50.04. The company has a market cap of $594.84 million, a price-to-earnings ratio of 23.20 and a beta of 1.53. The business’s fifty day moving average price is $45.68 and its two-hundred day moving average price is $41.82.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0442 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%. This is a boost from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03.

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.