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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw a large increase in short interest in the month of 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. Based on an average daily trading volume, of 204,369 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.7% of the shares of the company are short sold.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Down 0.8%

Shares of NASDAQ:QCLN traded down $0.45 during trading on Wednesday, hitting $54.45. 43,857 shares of the stock traded hands, compared to its average volume of 160,405. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52-week low of $34.27 and a 52-week high of $69.20. The company has a fifty day moving average price of $61.08 and a two-hundred day moving average price of $53.58. The company has a market cap of $705.09 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 hedge funds and other institutional investors have recently modified their holdings of the business. Private Trust Co. NA acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter valued at about $29,000. Parallel Advisors LLC raised 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 purchasing an additional 190 shares in the last quarter. Elevated Capital Advisors LLC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter valued at approximately $75,000. Comerica Bank lifted 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 worth $96,000 after purchasing an additional 530 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at about $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.