First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Stock Short Interest Rises 670.6%

First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 20,275 shares, a growth of 670.6% from the September 30th total of 2,631 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,557 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of First Trust Dow 30 Equal Weight ETF

Hedge funds have recently bought and sold shares of the business. Kirkwood Financial Services acquired a new position in First Trust Dow 30 Equal Weight ETF during the second quarter worth $6,174,000. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Dow 30 Equal Weight ETF by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 131,091 shares of the company’s stock valued at $5,780,000 after purchasing an additional 7,825 shares during the period. Guardian Wealth Advisors LLC NC grew its stake in shares of First Trust Dow 30 Equal Weight ETF by 0.9% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 84,278 shares of the company’s stock valued at $3,716,000 after buying an additional 750 shares during the period. Cetera Investment Advisers increased its holdings in shares of First Trust Dow 30 Equal Weight ETF by 46.5% during the 1st quarter. Cetera Investment Advisers now owns 82,275 shares of the company’s stock worth $3,338,000 after buying an additional 26,125 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in shares of First Trust Dow 30 Equal Weight ETF by 7.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 77,225 shares of the company’s stock valued at $3,405,000 after buying an additional 5,186 shares during the period.

First Trust Dow 30 Equal Weight ETF Stock Performance

Shares of EDOW traded down $0.01 during trading hours on Wednesday, hitting $46.20. 8,096 shares of the stock were exchanged, compared to its average volume of 25,064. The stock’s 50-day moving average price is $45.62 and its two-hundred day moving average price is $43.75. The company has a market cap of $323.39 million, a price-to-earnings ratio of 20.87 and a beta of 0.84. First Trust Dow 30 Equal Weight ETF has a 12-month low of $39.69 and a 12-month high of $46.90.

First Trust Dow 30 Equal Weight ETF Company Profile

The First Trust Dow 30 Equal Weight ETF (EDOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of companies included in the Dow Jones Industrial Average. EDOW was launched on Aug 8, 2017 and is managed by First Trust.