First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Short Interest Down 36.9% in August

First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 13,614 shares, a decrease of 36.9% from the July 30th total of 21,573 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 18,557 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Dow 30 Equal Weight ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in First Trust Dow 30 Equal Weight ETF by 46.5% in the 1st quarter. Cetera Investment Advisers now owns 82,275 shares of the company’s stock valued at $3,338,000 after purchasing an additional 26,125 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in First Trust Dow 30 Equal Weight ETF by 309.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 38,606 shares of the company’s stock valued at $1,566,000 after buying an additional 29,180 shares during the period. Guardian Wealth Advisors LLC NC boosted its position in shares of First Trust Dow 30 Equal Weight ETF by 0.9% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 84,278 shares of the company’s stock worth $3,716,000 after purchasing an additional 750 shares during the period. POM Investment Strategies LLC grew its stake in shares of First Trust Dow 30 Equal Weight ETF by 227.7% in the second quarter. POM Investment Strategies LLC now owns 1,206 shares of the company’s stock valued at $53,000 after buying an additional 838 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in First Trust Dow 30 Equal Weight ETF by 188.7% during the 1st quarter. Parallel Advisors LLC now owns 7,431 shares of the company’s stock worth $301,000 after buying an additional 4,857 shares during the period.

First Trust Dow 30 Equal Weight ETF Stock Performance

Shares of EDOW stock traded down $0.27 during trading hours on Tuesday, hitting $46.00. 10,886 shares of the company were exchanged, compared to its average volume of 27,838. The company has a 50 day simple moving average of $45.29 and a two-hundred day simple moving average of $43.46. The firm has a market cap of $319.70 million, a P/E 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.

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.