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 decrease in short interest during the month of January. As of January 30th, there was short interest totaling 109,996 shares, a decrease of 13.9% from the January 15th total of 127,786 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 109,523 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 109,523 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QCLN. Northwestern Mutual Wealth Management Co. increased its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock worth $126,774,000 after purchasing an additional 2,823,157 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the 4th quarter. Wells Fargo & Company MN now owns 292,986 shares of the company’s stock valued at $13,065,000 after buying an additional 85,902 shares during the period. UBS Group AG boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% in the fourth quarter. UBS Group AG now owns 270,109 shares of the company’s stock valued at $12,045,000 after buying an additional 156,142 shares in the last quarter. LPL Financial LLC grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 27.6% during the fourth quarter. LPL Financial LLC now owns 250,739 shares of the company’s stock worth $11,181,000 after acquiring an additional 54,286 shares during the period. Finally, Royal Bank of Canada raised its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% in the fourth quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock worth $8,000,000 after acquiring an additional 64,165 shares in the last quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

Shares of QCLN traded up $0.17 during midday trading on Tuesday, reaching $50.71. The stock had a trading volume of 68,387 shares, compared to its average volume of 105,232. The company has a market cap of $603.45 million, a price-to-earnings ratio of 23.20 and a beta of 1.53. The company’s fifty day simple moving average is $48.10 and its two-hundred day simple moving average is $43.96. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1-year low of $24.02 and a 1-year high of $52.09.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.0442 dividend. This is a positive change from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.3%.

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.