First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Shares Shorted: Short Interest Up 160.4% in September

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 58,528 shares, a growth of 160.4% from the August 31st total of 22,472 shares. Based on an average daily trading volume, of 70,087 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

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

Several large investors have recently modified their holdings of the business. Harbour Investments Inc. raised its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 1.9% during the fourth quarter. Harbour Investments Inc. now owns 5,479 shares of the company’s stock valued at $779,000 after purchasing an additional 100 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. POM Investment Strategies LLC boosted its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 231.9% in the 2nd quarter. POM Investment Strategies LLC now owns 229 shares of the company’s stock worth $37,000 after purchasing an additional 160 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 0.8% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 24,614 shares of the company’s stock valued at $3,498,000 after purchasing an additional 205 shares during the last quarter. Finally, Sachetta LLC raised its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 2.3% during the 1st quarter. Sachetta LLC now owns 9,818 shares of the company’s stock valued at $1,247,000 after buying an additional 220 shares in the last quarter.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Down 1.2%

QQEW traded down $2.04 during trading hours on Monday, hitting $161.77. The stock had a trading volume of 66,200 shares, compared to its average volume of 49,058. The company’s fifty day simple moving average is $160.17 and its 200 day simple moving average is $149.83. First Trust NASDAQ-100 Equal Weighted Index Fund has a 1 year low of $122.38 and a 1 year high of $167.26. The stock has a market cap of $1.88 billion, a PE ratio of 27.18 and a beta of 1.08.

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.