ECLN Stock Summary and Trading Ideas (First Trust Eip Carbon Impact ETF | ARCA:ECLN)

The First Trust EIP Carbon Impact ETF (the "Fund") seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the Funds investment sub-advisor, Energy Income Partners, LLC ("EIP" or the "Sub-Advisor"), as having or seeking to have a positive carbon impact. The companies in which the Fund invests will have demonstrated a commitment to positive carbon impact activities, as determined by the Sub-Advisor, based on its fundamental research and review of public documents, such as regulatory filings and investor and public communications.

First Trust Eip Carbon Impact ETF trades on the ARCA stock market under the symbol ECLN.

As of January 6, 2025, ECLN stock price was flat at $29.36 with 5 million shares trading.

ECLN has a market cap of $14.68 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ECLN traded as high as $31.18 and as low as $21.52.

ECLN has underperformed the market in the last year with a return of +23.3%, while the SPY ETF gained +29.0%. In the last 3 month period, ECLN fell short of the market, returning +1.4%, while SPY returned +5.6%. However, in the most recent 2 weeks ECLN has outperformed the stock market by returning +1.7%, while SPY returned +1.1%.

ECLN support price is $29.05 and resistance is $29.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ECLN shares will trade within this expected range on the day.