First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Update

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 60,500 shares, a decrease of 24.3% from the October 31st total of 79,900 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On First Trust NASDAQ 100 Equal Weighted Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Good Life Advisors LLC lifted its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 103.6% in the 3rd quarter. Good Life Advisors LLC now owns 245,248 shares of the company’s stock worth $30,767,000 after acquiring an additional 124,783 shares during the period. Atlas Private Wealth Advisors lifted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 109.1% in the second quarter. Atlas Private Wealth Advisors now owns 232,821 shares of the company’s stock worth $28,711,000 after purchasing an additional 121,483 shares during the period. Raymond James & Associates boosted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 10.1% during the second quarter. Raymond James & Associates now owns 782,719 shares of the company’s stock worth $96,501,000 after buying an additional 71,497 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 384.4% in the 1st quarter. Cetera Investment Advisers now owns 71,364 shares of the company’s stock valued at $8,842,000 after buying an additional 56,632 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 3rd quarter valued at $6,552,000.

First Trust NASDAQ 100 Equal Weighted Index Fund Price Performance

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund stock opened at $130.80 on Friday. The firm has a fifty day moving average price of $127.05 and a two-hundred day moving average price of $123.99. First Trust NASDAQ 100 Equal Weighted Index Fund has a fifty-two week low of $108.47 and a fifty-two week high of $132.52. The company has a market cap of $2.01 billion, a PE ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1298 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Thursday, September 26th.

First Trust NASDAQ 100 Equal Weighted Index Fund Company Profile

The First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) is an exchange-traded fund that is based on the NASDAQ-100 Equally Weighted index. The fund tracks an equal-weighted version of the NASDAQ 100. QQEW was launched on Apr 19, 2006 and is managed by First Trust.