First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Shares Shorted: Short Interest Up 670.6% in October

First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 20,275 shares, a growth of 670.6% from the September 30th total of 2,631 shares. Based on an average trading volume of 12,557 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.3% of the company’s stock are sold short.

First Trust Dow 30 Equal Weight ETF Stock Performance

Shares of EDOW stock traded up $0.07 during trading hours on Thursday, hitting $46.31. 4,306 shares of the company were exchanged, compared to its average volume of 24,962. The stock has a market capitalization of $324.20 million, a price-to-earnings ratio of 20.87 and a beta of 0.84. First Trust Dow 30 Equal Weight ETF has a one year low of $39.69 and a one year high of $46.90. The business’s 50-day simple moving average is $45.62 and its two-hundred day simple moving average is $43.77.

Institutional Trading of First Trust Dow 30 Equal Weight ETF

Several hedge funds have recently bought and sold shares of EDOW. Kirkwood Financial Services bought a new position in shares of First Trust Dow 30 Equal Weight ETF in the second quarter worth $6,174,000. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Dow 30 Equal Weight ETF by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 131,091 shares of the company’s stock valued at $5,780,000 after buying an additional 7,825 shares during the period. Guardian Wealth Advisors LLC NC lifted its holdings in First Trust Dow 30 Equal Weight ETF by 0.9% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 84,278 shares of the company’s stock valued at $3,716,000 after acquiring an additional 750 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Dow 30 Equal Weight ETF by 46.5% during the first quarter. Cetera Investment Advisers now owns 82,275 shares of the company’s stock worth $3,338,000 after buying an additional 26,125 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of First Trust Dow 30 Equal Weight ETF by 7.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 77,225 shares of the company’s stock valued at $3,405,000 after acquiring an additional 5,186 shares during the last quarter.

About First Trust Dow 30 Equal Weight ETF

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.