First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Short Interest Drops 40.5%

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 68,284 shares, a drop of 40.5% from the September 15th total of 114,673 shares. Based on an average trading volume of 78,888 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Nilsine Partners LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.0% in the 2nd quarter. Nilsine Partners LLC now owns 21,488 shares of the company’s stock valued at $1,318,000 after purchasing an additional 216 shares in the last quarter. Paragon Private Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 2nd quarter worth about $220,000. Parallel Advisors LLC grew its holdings 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 purchasing an additional 190 shares during the period. NewEdge Advisors LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 0.8% during the 1st quarter. NewEdge Advisors LLC now owns 23,672 shares of the company’s stock worth $1,100,000 after purchasing an additional 183 shares during the period. Finally, Evelyn Partners Asset Management Ltd grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 6.0% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,460 shares of the company’s stock worth $207,000 after purchasing an additional 251 shares during the period.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

QCLN stock opened at $44.92 on Thursday. The stock has a market capitalization of $500.86 million, a P/E ratio of 23.20 and a beta of 1.65. First Trust NASDAQ Clean Edge Green Energy Index Fund has a one year low of $39.83 and a one year high of $69.20. The company has a 50 day moving average price of $49.53 and a two-hundred day moving average price of $54.15.

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.