First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Shares Shorted: Short Interest Down 76.9% in October

First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 4,685 shares, a drop of 76.9% from the October 15th total of 20,275 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 13,510 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of EDOW stock opened at $46.79 on Thursday. First Trust Dow 30 Equal Weight ETF has a 1 year low of $39.69 and a 1 year high of $48.25. The firm has a fifty day moving average price of $45.68 and a 200-day moving average price of $43.99. The company has a market cap of $329.86 million, a price-to-earnings ratio of 21.88 and a beta of 0.84.

Hedge Funds Weigh In On First Trust Dow 30 Equal Weight ETF

Several institutional investors and hedge funds have recently bought and sold shares of EDOW. Commonwealth Equity Services LLC bought a new stake in First Trust Dow 30 Equal Weight ETF during the third quarter valued at about $9,120,000. Kirkwood Financial Services bought a new position in shares of First Trust Dow 30 Equal Weight ETF in the second quarter worth about $6,174,000. Envestnet Asset Management Inc. raised its stake 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 worth $5,780,000 after buying an additional 7,825 shares during the period. Guardian Wealth Advisors LLC NC lifted its position in shares of First Trust Dow 30 Equal Weight ETF by 0.9% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 84,278 shares of the company’s stock valued at $3,716,000 after buying an additional 750 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Dow 30 Equal Weight ETF by 46.5% during the 1st quarter. Cetera Investment Advisers now owns 82,275 shares of the company’s stock valued at $3,338,000 after buying an additional 26,125 shares in the last quarter.

First Trust Dow 30 Equal Weight ETF Company Profile

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.