First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 78,267 shares, a decline of 51.2% from the May 31st total of 160,357 shares. Based on an average daily volume of 250,273 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Private Trust Co. NA bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter valued at about $29,000. Ameriflex Group Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth approximately $31,000. Parallel Advisors LLC raised its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 31.4% during the 1st quarter. Parallel Advisors LLC now owns 795 shares of the company’s stock worth $37,000 after acquiring an additional 190 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter valued at approximately $75,000. Finally, Comerica Bank lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% during the first quarter. Comerica Bank now owns 3,367 shares of the company’s stock valued at $96,000 after acquiring an additional 530 shares during the last quarter.
First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 4.6%
Shares of NASDAQ QCLN traded up $2.69 during midday trading on Tuesday, reaching $61.58. 86,953 shares of the company’s stock traded hands, compared to its average volume of 155,617. The stock’s 50 day simple moving average is $61.02 and its 200-day simple moving average is $52.72. First Trust NASDAQ Clean Edge Green Energy Index Fund has a one year low of $31.92 and a one year high of $69.20. The company has a market cap of $775.86 million, a price-to-earnings ratio of 23.20 and a beta of 1.62.
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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