First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Update

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 26,595 shares, a growth of 285.9% from the June 30th total of 6,892 shares. Based on an average trading volume of 31,567 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

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

Several institutional investors have recently made changes to their positions in QQEW. Hazlett Burt & Watson Inc. increased its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth $36,000. Qube Research & Technologies Ltd bought a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth $41,000. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the fourth quarter worth about $45,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth approximately $49,000.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance

First Trust NASDAQ-100 Equal Weighted Index Fund stock opened at $152.46 on Tuesday. The stock has a market cap of $1.72 billion, a PE ratio of 27.18 and a beta of 1.07. The stock has a fifty day moving average of $154.86 and a 200 day moving average of $142.40. First Trust NASDAQ-100 Equal Weighted Index Fund has a one year low of $122.38 and a one year high of $162.19.

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.