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) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 90,167 shares, a decrease of 61.0% from the June 30th total of 231,184 shares. Based on an average daily volume of 240,434 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the company’s stock are sold short.

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

First Trust NASDAQ Clean Edge Green Energy Index Fund stock opened at $47.73 on Wednesday. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1-year low of $34.27 and a 1-year high of $69.20. The firm’s fifty day simple moving average is $59.30 and its 200-day simple moving average is $53.95. The company has a market capitalization of $584.69 million, a P/E 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 institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock worth $126,774,000 after buying an additional 2,823,157 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% during the 4th quarter. Wells Fargo & Company MN now owns 292,986 shares of the company’s stock valued at $13,065,000 after acquiring an additional 85,902 shares during the last quarter. UBS Group AG raised its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% in the 4th quarter. UBS Group AG now owns 270,109 shares of the company’s stock valued at $12,045,000 after acquiring an additional 156,142 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 27.6% in the 4th quarter. LPL Financial LLC now owns 250,739 shares of the company’s stock valued at $11,181,000 after acquiring an additional 54,286 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% in the 4th quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock worth $8,000,000 after purchasing an additional 64,165 shares during the last quarter.

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.