First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Short Interest Up 402.6% in September

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 745,400 shares, an increase of 402.6% from the September 15th total of 148,300 shares. Based on an average trading volume of 96,400 shares, the days-to-cover ratio is presently 7.7 days. Based on an average trading volume of 96,400 shares, the days-to-cover ratio is presently 7.7 days.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

NASDAQ:QCLN opened at $45.53 on Friday. The stock has a 50-day simple moving average of $40.21 and a 200 day simple moving average of $34.43. First Trust NASDAQ Clean Edge Green Energy Index Fund has a one year low of $24.02 and a one year high of $47.77. The company has a market capitalization of $546.36 million, a price-to-earnings ratio of 23.20 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.0323 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.13 annualized dividend and a dividend yield of 0.3%. This is an increase from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Financial Partners Group Inc purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter valued at $238,000. Central Valley Advisors LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter valued at $256,000. NewEdge Advisors LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 7.7% during the 2nd quarter. NewEdge Advisors LLC now owns 19,861 shares of the company’s stock valued at $649,000 after acquiring an additional 1,427 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 2nd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,848 shares of the company’s stock valued at $682,000 after acquiring an additional 423 shares in the last quarter.

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.