First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 25,435 shares, a growth of 280.1% from the April 15th total of 6,692 shares. Based on an average trading volume of 56,108 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Investors Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund
A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 29.1% during the first quarter. Jane Street Group LLC now owns 11,232 shares of the company’s stock valued at $1,358,000 after buying an additional 2,531 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 4.7% during the second quarter. NewEdge Advisors LLC now owns 22,598 shares of the company’s stock valued at $3,084,000 after buying an additional 1,011 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the second quarter valued at approximately $6,684,000. Ausdal Financial Partners Inc. boosted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 3.6% during the second quarter. Ausdal Financial Partners Inc. now owns 9,719 shares of the company’s stock valued at $1,327,000 after buying an additional 338 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 100.0% during the second quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $13,649,000 after buying an additional 50,000 shares during the last quarter.
First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance
First Trust NASDAQ-100 Equal Weighted Index Fund stock traded up $0.44 during mid-day trading on Wednesday, reaching $144.10. The stock had a trading volume of 30,873 shares, compared to its average volume of 55,733. First Trust NASDAQ-100 Equal Weighted Index Fund has a fifty-two week low of $122.38 and a fifty-two week high of $146.54. The stock’s 50-day simple moving average is $133.56 and its 200-day simple moving average is $137.91. The firm has a market capitalization of $1.73 billion, a PE ratio of 27.18 and a beta of 1.05.
First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend
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.
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