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

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 December. As of December 31st, there was short interest totaling 131,400 shares, a decrease of 26.6% from the December 15th total of 179,074 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 77,817 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 77,817 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter worth $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the second quarter worth about $50,000. Global Retirement Partners LLC grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock valued at $56,000 after buying an additional 513 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 149.9% during the second quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock valued at $68,000 after acquiring an additional 1,250 shares during the period. Finally, Comerica Bank raised its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% in the 1st quarter. Comerica Bank now owns 3,367 shares of the company’s stock worth $96,000 after buying an additional 530 shares in the last quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

First Trust NASDAQ Clean Edge Green Energy Index Fund stock opened at $49.57 on Friday. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12-month low of $24.02 and a 12-month high of $50.04. The company has a market capitalization of $594.84 million, a price-to-earnings ratio of 23.20 and a beta of 1.53. The firm’s fifty day moving average price is $45.68 and its 200 day moving average price is $41.70.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.0442 dividend. This is an increase from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, December 12th.

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.