First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Short Interest Update

Key Points

• Short interest fell 17.7% in March to 83,945 shares (about 0.7% of shares short), leaving a days-to-cover ratio of 0.9 based on average daily volume.
• Shares dropped 2.7% to $44.31 on the latest trading day with volume of 147,426 versus an average of 94,179; the fund trades in a 52-week range of $24.02–$52.30 and has a market cap of about $527.2M (P/E 23.2).
• Dividend and institutional moves: the fund disclosed a quarterly dividend of $0.0068 ($0.03 annualized, 0.1% yield) with an ex-dividend date of March 26, while institutions like Northwestern Mutual dramatically increased their stake—adding ~2.82M shares to hold 2.843M shares (~$126.8M)—and UBS also grew its position.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 83,945 shares, a decrease of 17.7% from the February 26th total of 102,048 shares. Currently, 0.7% of the company's stock are short sold. Based on an average daily volume of 88,770 shares, the days-to-cover ratio is presently 0.9 days.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Down 2.7%

Shares of NASDAQ QCLN traded down $1.23 on Monday, reaching $44.31. 147,426 shares of the company's stock traded hands, compared to its average volume of 94,179. The business's 50 day simple moving average is $48.98 and its two-hundred day simple moving average is $46.28. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12 month low of $24.02 and a 12 month high of $52.30. The company has a market cap of $527.24 million, a price-to-earnings ratio of 23.20 and a beta of 1.53.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a dividend of $0.0068 per share. This represents a $0.03 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company's stock valued at $126,774,000 after acquiring an additional 2,823,157 shares in the last quarter. UBS Group AG grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% during the 4th quarter. UBS Group AG now owns 270,109 shares of the company's stock valued at $12,045,000 after purchasing an additional 156,142 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter valued at about $4,046,000. CIBC Bancorp USA Inc. bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter valued at about $3,778,000. Finally, Wells Fargo & Company MN raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the fourth quarter. Wells Fargo & Company MN now owns 292,986 shares of the company's stock worth $13,065,000 after buying an additional 85,902 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.

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