• Best stocks to buy now
  • Contact
  • Disclaimer
Thursday, February 9, 2023
No Result
View All Result
  • ItalianoItaliano
Best Stocks
  • News
  • Best stocks to buy nowHOT
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech Stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
Best Stocks
Home News

Short interest in First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) increased by 81.1% in August.

by Elaine Mendonça
August 27, 2022
in News
wallstreet

Source: Getty

0
SHARES
169
VIEWS
Share on FacebookShare on Twitter

Recently, there has been a significant amount of short interest in First Trust. During August, the NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN) displayed a performance that could only be described as nothing less than remarkable. Compared to the 299,200 shares that were on loan the day before, the number of shares that were on loan as of August 15 increased to 541,900, representing an increase of 81.1% over the previous day’s total. The current days-to-cover ratio is 2.2 days, calculated based on an average daily volume of 249,700 shares. This ratio was arrived at after taking into consideration the historical data.

After considering the previous data, this total was determined to be appropriate. So, if you are interested in investing in the solar industry, what shares of which solar companies should you buy? During the Friday trading session in the middle of the day, the price of a share of QCLN decreased by $2.19, bringing the total to $65.61. The total number of shares the company traded was 429,086, which is much more than the average volume of the company, which is 326,371 shares. The current price of the company’s simple moving average for the last 50 days is $58.48, and the cost of its simple moving average for the past 200 days is $57.34, correspondingly.

The First Trust NASDAQ Clean Edge Green Energy Index Fund has fluctuated significantly over the past year and a half, reaching a low of $44.25 and a high of $83.71 while maintaining an average price of $47.41. The company just announced a quarterly dividend, which was paid out Thursday before June 30. In addition, the company had just released an announcement regarding the prize. On Monday, June 27, $0.011 dividend payments were made to all current shareholders as of the record date. This payment has been completed. The following Monday, June 25, was the day that shareholder holdings began to be reduced due to this dividend; this day is known as the ex-dividend day, and the compensation was paid the following Monday.

That translates into a dividend payment of $0.04 per share and a dividend yield of 0.07% when computed on an annualized basis. In addition, the dividend yield is 0.07%. In light of recent events, several hedge funds have recently adjusted the positions that they have taken in the company to reflect these changes. LPL Financial LLC is currently the company’s direct owner of 1,041,467 shares after purchasing an additional 66,797 shares during the most recent quarter to bring the total number of shares owned to 1,041,797.

At the price at which they are currently trading on the market, these shares have a combined value of $70,789,000. During the fourth quarter, CIBC Private Wealth Group LLC increased the amount of money it invested in the First Trust NASDAQ Clean Edge Green Energy Index Fund by 175.6%. Following the acquisition of an additional 501,036 shares during the prior quarter, CIBC Private Wealth Group LLC now holds a total of 786,385 shares of the company’s stock, valued at $53,450,000. That brings the total number of shares held by the firm to 786,385. Because of this, the total number of shares that the company has now amounted to 786,385.

Wells Fargo & Company MN increased the share of its holdings assigned to the First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.5% during the second quarter. Following the acquisition of an additional 16,563 shares of the business during the most recent quarter, Wells Fargo & Firm MN now has a total of 671,098 shares, which are currently valued at $35,032,000. That brings the total number of shares owned by the company to 671,098. During the first three months of 2019, the Bank of America Corp. DE investment portfolio showed a 6.4% increase in the proportion of its holdings allocated to the First Trust NASDAQ Clean Edge Green Energy Index Fund.

After making an additional purchase of 39,230 shares of the company’s stock during the most recent quarter, Bank of America Corp. DE is now the business owner of a total of 656,938 shares. The total value of the holdings that Bank of America Corp DE has in the company is 42,452,000 dollars. In addition, Raymond James & Associates increased its holdings of the First Trust NASDAQ Clean Edge Green Energy Index Fund by 19.1 percent in the fourth quarter of 2018. That was not the least of the company’s accomplishments. Raymond James & Associates now owns 373,879 shares in the company, which has a value of $25,413,000, thanks to the company’s most recent acquisition of 60,009 additional shares during the company’s most recent quarter.

These shares were acquired due to the company’s most recent acquisition. That is because the corporation purchased additional shares during the most recent fiscal quarter, which led to the current situation. This Fund was formerly known as the First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund. The Fund’s primary goal is to get investment returns similar to the price and yield of the NASDAQ Clean Edge Green Energy Index (which used to be called the NASDAQ Clean Edge U.S. Liquid Index Fund).

Tags: QCLN, Analyst Rating
Elaine Mendonça

Elaine Mendonça

Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

DISCLAIMER

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your personal investment advisor and only after performing your own research and due diligence, including reviewing the prospectus or financial statements of the issuer of any security.

The Best Stocks, its managers, its employees, affiliates and assigns (collectively “The Company”) do not make any guarantee or warranty about the advice provided on this website or what is otherwise advertised above.

READ MORE

Follow us on Social Media
Facebook – YouTube – Twitter

Write for us
Finance – Business

Best-Stocks-Logo_dark

Categories
Best Stocks to buy now
Crypto
Dow Jones Today
Pre-IPO and Startups
Tech stocks
Utility Stocks

Data and Tools
Quote
Target
Wealth
Converter
Dow Jones Today

Best Stocks to Buy Now

We are a financial media dedicated to providing stock recommendations, news, and real-time stock prices.

  • Disclaimer
  • Privacy Policy
  • Best stocks to buy now
  • Contact
  • Write for us – Finance, Crypto

© 2023 Best Stocks

No Result
View All Result
  • Home
  • News
  • Best stocks to buy now
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
  • English
  • Italiano

© 2023 Best Stocks