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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the recipient of a significant decline in short interest in 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. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 78,888 shares, the short-interest ratio is presently 0.9 days.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Down 4.9%

QCLN opened at $44.92 on Thursday. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52-week low of $39.83 and a 52-week high of $69.20. The company has a 50 day moving average of $49.53 and a two-hundred day moving average of $54.15. The company has a market cap of $500.86 million, a P/E ratio of 23.20 and a beta of 1.65.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of QCLN. Citadel Advisors LLC lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 1,008.5% during the second quarter. Citadel Advisors LLC now owns 49,794 shares of the company’s stock worth $3,053,000 after purchasing an additional 45,302 shares in the last quarter. Forty three Eighteen Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 1st quarter worth $1,483,000. MinichMacGregor Wealth Management LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at about $386,000. Factor Wealth Management LTD purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 1st quarter valued at about $277,000. Finally, Ameritas Advisory Services LLC boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 29.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 20,895 shares of the company’s stock valued at $1,281,000 after buying an additional 4,702 shares during the last quarter.

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.