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

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 7,155 shares, a decline of 49.0% from the May 14th total of 14,036 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 54,602 shares, the short-interest ratio is presently 0.1 days.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 0.7%

Shares of QQEW stock traded up $1.05 on Friday, reaching $153.81. 39,402 shares of the stock were exchanged, compared to its average volume of 54,104. First Trust NASDAQ-100 Equal Weighted Index Fund has a twelve month low of $122.38 and a twelve month high of $162.19. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 27.18 and a beta of 1.08. The business’s 50 day moving average price is $142.96 and its 200 day moving average price is $139.56.

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First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

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

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

Large investors have recently bought and sold shares of the stock. Avalon Trust Co acquired a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the third quarter valued at $32,000. Hazlett Burt & Watson Inc. boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Ascentis Independent Advisors acquired a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the first quarter valued at $36,000. Qube Research & Technologies Ltd acquired a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the third quarter valued at $41,000. Finally, Sound Income Strategies LLC acquired a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the fourth quarter valued at $45,000.

About First Trust NASDAQ-100 Equal Weighted Index Fund

(Get Free Report)

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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