First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Update

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 21,601 shares, a decrease of 33.2% from the July 30th total of 32,321 shares. Based on an average trading volume of 42,931 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

Shares of NASDAQ QQEW traded down $0.61 during mid-day trading on Wednesday, hitting $161.41. 4,417 shares of the stock traded hands, compared to its average volume of 49,262. First Trust NASDAQ-100 Equal Weighted Index Fund has a twelve month low of $122.38 and a twelve month high of $167.26. The company has a market cap of $1.82 billion, a PE ratio of 27.18 and a beta of 1.08. The firm has a 50 day simple moving average of $159.13 and a two-hundred day simple moving average of $146.43.

Institutional Trading of First Trust NASDAQ-100 Equal Weighted Index Fund

Hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock valued at $33,000 after buying an additional 100 shares during the period. Ascentis Independent Advisors acquired a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter worth approximately $36,000. POM Investment Strategies LLC boosted its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 231.9% during the 2nd quarter. POM Investment Strategies LLC now owns 229 shares of the company’s stock worth $37,000 after buying an additional 160 shares during the period. Qube Research & Technologies Ltd acquired a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter worth approximately $41,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter worth approximately $49,000.

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.