First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Shares Shorted: Short Interest Down 79.4% in October

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 10,095 shares, a drop of 79.4% from the October 15th total of 48,991 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 41,254 shares, the days-to-cover ratio is presently 0.2 days.

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

A number of hedge funds have recently added to or reduced their stakes in QQEW. Kestra Advisory Services LLC grew its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 0.4% during the third quarter. Kestra Advisory Services LLC now owns 136,579 shares of the company’s stock valued at $22,225,000 after buying an additional 492 shares during the period. International Assets Investment Management LLC raised its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 1,709.6% in the 3rd quarter. International Assets Investment Management LLC now owns 125,443 shares of the company’s stock worth $20,413,000 after purchasing an additional 118,511 shares during the period. HighTower Advisors LLC bought a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth $15,265,000. Corient Private Wealth LP lifted its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 2,056.3% during the second quarter. Corient Private Wealth LP now owns 85,194 shares of the company’s stock valued at $13,597,000 after purchasing an additional 81,243 shares in the last quarter. Finally, CX Institutional lifted its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 2.5% during the third quarter. CX Institutional now owns 80,960 shares of the company’s stock valued at $13,175,000 after purchasing an additional 1,999 shares in the last quarter.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Down 0.3%

First Trust NASDAQ-100 Equal Weighted Index Fund stock traded down $0.45 on Thursday, hitting $150.65. 17,732 shares of the stock traded hands, compared to its average volume of 48,814. The firm has a market cap of $1.74 billion, a P/E ratio of 27.59 and a beta of 1.10. The business’s fifty day simple moving average is $157.92 and its 200 day simple moving average is $148.77. First Trust NASDAQ-100 Equal Weighted Index Fund has a 1 year low of $122.38 and a 1 year high of $167.26.

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.