Short Interest in First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Expands By 34.9%

Key Points

• Short interest in the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) increased by 34.9% in August, reaching a total of 152,600 shares as of August 31st.
• The fund's stock price currently stands at $39.66, with a 52-week range between $24.02 and $39.80 and a market capitalization of approximately $475.92 million.
• The company has recently cut its dividend to an annualized rate of $0.07, translating to a yield of 0.2% for shareholders.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 152,600 shares, a growth of 34.9% from the August 15th total of 113,100 shares. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.3% of the shares of the company are short sold. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of First Trust NASDAQ Clean Edge Green Energy Index Fund

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 97.5% during the fourth quarter. Jane Street Group LLC now owns 42,696 shares of the company's stock worth $1,449,000 after purchasing an additional 21,079 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 57.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 63,515 shares of the company's stock worth $2,155,000 after purchasing an additional 23,093 shares in the last quarter. GTS Securities LLC boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 98.6% during the fourth quarter. GTS Securities LLC now owns 41,195 shares of the company's stock worth $1,398,000 after purchasing an additional 20,455 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth approximately $340,000. Finally, NBC Securities Inc. boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 145,650.0% during the first quarter. NBC Securities Inc. now owns 2,915 shares of the company's stock worth $83,000 after purchasing an additional 2,913 shares in the last quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 0.7%

Shares of QCLN traded up $0.29 during mid-day trading on Friday, reaching $41.56. The company had a trading volume of 73,129 shares, compared to its average volume of 83,126. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52-week low of $24.02 and a 52-week high of $41.65. The stock has a market capitalization of $498.72 million, a P/E ratio of 23.20 and a beta of 1.49. The stock has a 50 day moving average of $37.05 and a two-hundred day moving average of $32.47.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.0174 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%.

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.