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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 128,997 shares, a growth of 93.5% from the October 15th total of 66,658 shares. Based on an average daily volume of 78,924 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.2% of the company’s shares are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Valen Private Capital LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at about $4,610,000. First Trust Advisors LP purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter worth about $3,677,000. Citadel Advisors LLC increased 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 valued at $3,053,000 after acquiring an additional 45,302 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at about $2,727,000. Finally, Forty three Eighteen Advisors LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter valued at about $1,483,000.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Down 2.2%

NASDAQ:QCLN traded down $0.97 on Friday, reaching $43.77. The company’s stock had a trading volume of 100,324 shares, compared to its average volume of 157,542. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12-month low of $39.83 and a 12-month high of $69.20. The stock has a 50 day moving average price of $46.65 and a 200 day moving average price of $51.92. The firm has a market cap of $463.96 million, a price-to-earnings ratio of 28.21 and a beta of 1.60.

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.