First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Large Decrease in Short Interest

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 60,500 shares, a decrease of 24.3% from the October 31st total of 79,900 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

Several institutional investors and hedge funds have recently modified their holdings of QQEW. World Investment Advisors LLC grew its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 2.7% in the third quarter. World Investment Advisors LLC now owns 3,899 shares of the company’s stock valued at $489,000 after acquiring an additional 104 shares during the last quarter. Barrett & Company Inc. boosted its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.3% in the 3rd quarter. Barrett & Company Inc. now owns 4,663 shares of the company’s stock valued at $585,000 after purchasing an additional 106 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.0% during the 2nd quarter. Centaurus Financial Inc. now owns 5,576 shares of the company’s stock valued at $687,000 after purchasing an additional 109 shares during the last quarter. Dana Investment Advisors Inc. increased its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 0.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 32,245 shares of the company’s stock worth $3,975,000 after purchasing an additional 124 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 0.5% during the 3rd quarter. Cozad Asset Management Inc. now owns 25,879 shares of the company’s stock worth $3,247,000 after purchasing an additional 124 shares in the last quarter.

First Trust NASDAQ 100 Equal Weighted Index Fund Price Performance

QQEW traded up $0.71 during trading on Friday, hitting $131.51. 11,548 shares of the stock traded hands, compared to its average volume of 90,475. The business has a 50 day moving average price of $127.20 and a 200 day moving average price of $124.08. First Trust NASDAQ 100 Equal Weighted Index Fund has a twelve month low of $108.83 and a twelve month high of $132.52. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1298 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.52 annualized dividend and a dividend yield of 0.39%.

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.