First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Significant Drop in Short Interest

Key Points

• Short interest in QCLN fell 45.9% to 100,421 shares as of August 31, down from 185,471 shares on August 15. Short interest represents approximately 0.8% of shares outstanding, with a days-to-cover ratio of 0.6.
• Several institutional investors increased their positions, most notably Citadel Advisors, which boosted its holdings by 1,008.5% during the second quarter.
• QCLN shares recently traded at $47.19, below both their 50-day moving average of $51.13 and 200-day moving average of $54.03. The fund’s 52-week trading range is $39.36 to $69.20.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 100,421 shares, a decrease of 45.9% from the August 15th total of 185,471 shares. Based on an average daily volume of 161,395 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the shares of the company are sold short.

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

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1,008.5% in the 2nd quarter. Citadel Advisors LLC now owns 49,794 shares of the company's stock valued at $3,053,000 after acquiring an additional 45,302 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.3% in the 4th quarter. Evelyn Partners Investment Management Europe Ltd now owns 35,109 shares of the company's stock valued at $1,566,000 after purchasing an additional 800 shares in the last quarter. Forty three Eighteen Advisors LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter worth $1,483,000. NewEdge Advisors LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 0.8% in the 1st quarter. NewEdge Advisors LLC now owns 23,672 shares of the company's stock valued at $1,100,000 after acquiring an additional 183 shares during the last quarter. Finally, Nilsine Partners LLC boosted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 21,488 shares of the company's stock valued at $1,318,000 after acquiring an additional 216 shares in the last quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

Shares of NASDAQ QCLN traded down $0.36 during trading hours on Tuesday, reaching $47.19. 85,160 shares of the stock were exchanged, compared to its average volume of 169,241. The firm has a market capitalization of $542.68 million, a price-to-earnings ratio of 23.20 and a beta of 1.64. The stock's fifty day simple moving average is $51.13 and its 200 day simple moving average is $54.03. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52 week low of $39.36 and a 52 week high of $69.20.

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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