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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLNGet Rating) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 304,700 shares, a decrease of 14.3% from the May 15th total of 355,500 shares. Based on an average trading volume of 314,200 shares, the short-interest ratio is currently 1.0 days.

Hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 175.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 786,385 shares of the company’s stock valued at $53,450,000 after buying an additional 501,036 shares during the period. Beaumont Financial Partners LLC raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 4,449.6% in the first quarter. Beaumont Financial Partners LLC now owns 168,561 shares of the company’s stock valued at $10,892,000 after buying an additional 164,856 shares during the period. Mason & Associates Inc purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter valued at approximately $10,268,000. ARGI Investment Services LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter valued at approximately $7,181,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter valued at approximately $6,468,000.

Shares of QCLN stock opened at $49.15 on Friday. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 1-year low of $44.25 and a 1-year high of $83.71. The firm’s 50-day simple moving average is $54.48 and its 200-day simple moving average is $59.63.

About First Trust NASDAQ Clean Edge Green Energy Index Fund (Get Rating)

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.

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