Short Interest in First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Drops By 49.0%

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 7,155 shares, a decrease of 49.0% from the May 14th total of 14,036 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 54,602 shares, the days-to-cover ratio is presently 0.1 days.

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

Institutional investors have recently bought and sold shares of the stock. Avalon Trust Co bought a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth $32,000. Hazlett Burt & Watson Inc. raised its holdings in 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 during the period. Ascentis Independent Advisors bought a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth $36,000. Qube Research & Technologies Ltd bought a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth $41,000. Finally, Sound Income Strategies LLC bought a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the 4th quarter worth $45,000.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance

Shares of First Trust NASDAQ-100 Equal Weighted Index Fund stock opened at $153.81 on Friday. First Trust NASDAQ-100 Equal Weighted Index Fund has a one year low of $122.38 and a one year high of $162.19. The stock’s fifty day moving average is $142.96 and its 200 day moving average is $139.56. The stock has a market cap of $1.85 billion, a P/E ratio of 27.18 and a beta of 1.08.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0204 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th.

About First Trust NASDAQ-100 Equal Weighted Index Fund

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.