First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Down 49.0% in May

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 7,155 shares, a decrease of 49.0% from the May 14th total of 14,036 shares. Based on an average daily volume of 54,602 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Up 2.8%

Shares of QQEW traded up $4.31 during trading on Monday, reaching $158.12. The company’s stock had a trading volume of 40,443 shares, compared to its average volume of 53,984. The company has a fifty day moving average of $143.57 and a two-hundred day moving average of $139.70. First Trust NASDAQ-100 Equal Weighted Index Fund has a twelve month low of $122.38 and a twelve month high of $162.19. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 27.18 and a beta of 1.08.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0204 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%.

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

Large investors have recently modified their holdings of the stock. Avalon Trust Co bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the third quarter worth about $32,000. Hazlett Burt & Watson Inc. raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter valued at approximately $36,000. Qube Research & Technologies Ltd acquired a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter valued at approximately $41,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 4th quarter valued at approximately $45,000.

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.