First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 4,416 shares, a decrease of 44.2% from the August 31st total of 7,908 shares. Based on an average trading volume of 13,670 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On First Trust Dow 30 Equal Weight ETF
Hedge funds have recently modified their holdings of the company. Western Wealth Management LLC purchased a new stake in shares of First Trust Dow 30 Equal Weight ETF during the first quarter worth about $26,000. Hazlett Burt & Watson Inc. lifted its stake in shares of First Trust Dow 30 Equal Weight ETF by 189.9% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,145 shares of the company’s stock valued at $47,000 after buying an additional 750 shares during the period. POM Investment Strategies LLC boosted its position in First Trust Dow 30 Equal Weight ETF by 227.7% during the second quarter. POM Investment Strategies LLC now owns 1,206 shares of the company’s stock worth $53,000 after acquiring an additional 838 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in First Trust Dow 30 Equal Weight ETF by 484.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,630 shares of the company’s stock worth $67,000 after acquiring an additional 1,351 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in First Trust Dow 30 Equal Weight ETF during the first quarter worth approximately $98,000.
First Trust Dow 30 Equal Weight ETF Stock Down 0.8%
Shares of EDOW traded down $0.35 during trading hours on Wednesday, reaching $44.28. 12,507 shares of the company traded hands, compared to its average volume of 26,417. The stock has a market capitalization of $312.17 million, a PE ratio of 20.87 and a beta of 0.83. First Trust Dow 30 Equal Weight ETF has a fifty-two week low of $39.13 and a fifty-two week high of $46.90. The stock has a fifty day simple moving average of $45.72 and a 200 day simple moving average of $43.86.
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.
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