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 during the month of May. As of May 15th, there was short interest totaling 14,036 shares, a decline of 44.8% from the April 30th total of 25,435 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 42,093 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

Several large investors have recently added to or reduced their stakes in QQEW. Huntington National Bank acquired a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter worth approximately $71,000. GSA Capital Partners LLP purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter worth approximately $317,000. Optiver Holding B.V. purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter worth approximately $181,000. Avalon Trust Co purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter worth approximately $32,000. Finally, HighTower Advisors LLC lifted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 21.1% during the 3rd quarter. HighTower Advisors LLC now owns 78,964 shares of the company’s stock worth $11,143,000 after buying an additional 13,744 shares during the last quarter.

Get First Trust NASDAQ-100 Equal Weighted Index Fund alerts:

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

QQEW traded down $0.79 on Thursday, reaching $158.58. 9,869 shares of the company’s stock were exchanged, compared to its average volume of 55,085. The stock has a market cap of $1.90 billion, a PE ratio of 27.18 and a beta of 1.05. 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 stock’s fifty day moving average price is $139.25 and its 200-day moving average price is $138.81.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

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

First Trust NASDAQ-100 Equal Weighted Index Fund Company Profile

(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.

Featured Stories

• Five stocks we like better than First Trust NASDAQ-100 Equal Weighted Index Fund
• Before the IPO: 4 Companies That Rewarded Investors Who Got In Early
• Gen Z Trends Make These 3 Stocks Worth Watching
• How the Memory Shortage Is Crushing the Gaming Industry
• Ulta’s Q1 Report Primes It for a Beauty of a Rebound

Receive News & Ratings for First Trust NASDAQ-100 Equal Weighted Index Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust NASDAQ-100 Equal Weighted Index Fund and related companies with MarketBeat.com's FREE daily email newsletter.