First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Short Interest Declines 40.5%

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 68,284 shares, a decline of 40.5% from the September 15th total of 114,673 shares. Based on an average trading volume of 78,888 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

Shares of NASDAQ QCLN traded down $1.53 during mid-day trading on Friday, hitting $43.49. The stock had a trading volume of 119,798 shares, compared to its average volume of 162,652. The business has a 50 day moving average price of $49.40 and a two-hundred day moving average price of $54.15. The firm has a market cap of $484.91 million, a P/E ratio of 23.20 and a beta of 1.65. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1 year low of $39.83 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. MinichMacGregor Wealth Management LLC bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at $386,000. Farther Finance Advisors LLC boosted its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 7.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,153 shares of the company’s stock valued at $152,000 after purchasing an additional 208 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter worth $44,000. Toth Financial Advisory Corp purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter worth $88,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the second quarter valued at $74,000.

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.