First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Short Interest Report for October

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

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

Shares of First Trust NASDAQ-100 Equal Weighted Index Fund stock traded down $1.26 during trading on Friday, hitting $148.81. 59,402 shares of the company’s stock traded hands, compared to its average volume of 48,920. The stock has a market capitalization of $1.72 billion, a P/E ratio of 27.59 and a beta of 1.10. The business has a 50-day simple moving average of $157.69 and a 200-day simple moving average of $148.80. First Trust NASDAQ-100 Equal Weighted Index Fund has a 1 year low of $122.38 and a 1 year high of $167.26.

Hedge Funds Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Smith Moore & CO. boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 29.7% during the third quarter. Smith Moore & CO. now owns 2,445 shares of the company’s stock worth $398,000 after buying an additional 560 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the third quarter valued at approximately $999,000. Private Advisor Group LLC raised its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 314.3% during the 3rd quarter. Private Advisor Group LLC now owns 76,405 shares of the company’s stock valued at $12,433,000 after purchasing an additional 57,963 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth $15,265,000. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth $424,000.

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.