First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Down 47.5% in March

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 62,600 shares, a drop of 47.5% from the February 28th total of 119,200 shares. Based on an average trading volume of 76,200 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

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

Several large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,873 shares of the company’s stock worth $1,234,000 after acquiring an additional 495 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 1.6% in the 4th quarter. Centaurus Financial Inc. now owns 5,681 shares of the company’s stock valued at $710,000 after purchasing an additional 89 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 4.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,636 shares of the company’s stock valued at $2,704,000 after purchasing an additional 984 shares during the last quarter. GTS Securities LLC grew its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 56.6% during the fourth quarter. GTS Securities LLC now owns 72,445 shares of the company’s stock worth $9,041,000 after purchasing an additional 26,179 shares during the period. Finally, Novem Group bought a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter worth about $695,000.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 2.2 %

Shares of NASDAQ:QQEW traded down $2.73 during midday trading on Friday, reaching $121.13. The company had a trading volume of 50,173 shares, compared to its average volume of 79,157. The business’s 50 day moving average price is $128.71 and its 200 day moving average price is $127.74. First Trust NASDAQ 100 Equal Weighted Index Fund has a 1-year low of $113.15 and a 1-year high of $136.19. The stock has a market cap of $1.78 billion, a PE ratio of 27.58 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.1529 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.50%. This is a boost from First Trust NASDAQ 100 Equal Weighted Index Fund’s previous quarterly dividend of $0.13.

First Trust NASDAQ 100 Equal Weighted Index Fund Company Profile

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.