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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 109,996 shares, a decrease of 13.9% from the January 15th total of 127,786 shares. Based on an average trading volume of 109,523 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 109,523 shares, the days-to-cover ratio is presently 1.0 days.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 0.8%

QCLN stock opened at $51.12 on Thursday. The firm has a 50 day moving average of $48.30 and a 200 day moving average of $44.12. The stock has a market capitalization of $608.33 million, a PE ratio of 23.20 and a beta of 1.53. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52 week low of $24.02 and a 52 week high of $52.09.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.0442 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03.

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

Several large investors have recently added to or reduced their stakes in QCLN. Cetera Investment Advisers grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 11.6% during the fourth quarter. Cetera Investment Advisers now owns 46,722 shares of the company’s stock worth $2,083,000 after acquiring an additional 4,869 shares during the period. Osaic Holdings Inc. boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 40.5% in the 4th quarter. Osaic Holdings Inc. now owns 53,939 shares of the company’s stock worth $2,405,000 after purchasing an additional 15,536 shares in the last quarter. Royal Bank of Canada grew its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% during the 4th quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock worth $8,000,000 after purchasing an additional 64,165 shares during the period. MML Investors Services LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 208.9% during the 4th quarter. MML Investors Services LLC now owns 18,200 shares of the company’s stock valued at $812,000 after purchasing an additional 12,309 shares in the last quarter. Finally, Mariner LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter valued at $228,000.

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.