Short Interest in First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Increases By 55.0%

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 142,300 shares, a growth of 55.0% from the September 30th total of 91,800 shares. Based on an average trading volume of 104,500 shares, the short-interest ratio is presently 1.4 days.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

NASDAQ QCLN traded up $0.34 during trading on Friday, hitting $33.90. 52,873 shares of the company's stock traded hands, compared to its average volume of 160,613. The stock has a market capitalization of $628.85 million, a price-to-earnings ratio of 16.71 and a beta of 1.49. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 12-month low of $29.95 and a 12-month high of $43.50. The business has a 50 day moving average of $34.55 and a 200-day moving average of $34.86.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.0781 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 50.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,225 shares of the company's stock worth $347,000 after purchasing an additional 2,748 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 78.3% in the first quarter. BNP Paribas Financial Markets now owns 203,434 shares of the company's stock worth $7,055,000 after buying an additional 89,353 shares in the last quarter. Hunter Associates Investment Management LLC boosted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 9.0% in the first quarter. Hunter Associates Investment Management LLC now owns 15,857 shares of the company's stock valued at $548,000 after acquiring an additional 1,306 shares during the period. FinTrust Capital Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 72.6% during the first quarter. FinTrust Capital Advisors LLC now owns 2,589 shares of the company's stock valued at $90,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 43.8% during the 1st quarter. Csenge Advisory Group now owns 31,930 shares of the company's stock worth $1,107,000 after acquiring an additional 9,733 shares during the period.

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.