First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Short Interest Declines 79.1%

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 12,227 shares, a decline of 79.1% from the September 15th total of 58,528 shares. Based on an average daily volume of 44,303 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

NASDAQ:QQEW traded down $1.97 during midday trading on Monday, hitting $161.90. The company’s stock had a trading volume of 19,434 shares, compared to its average volume of 49,093. First Trust NASDAQ-100 Equal Weighted Index Fund has a fifty-two week low of $122.38 and a fifty-two week high of $167.26. The firm’s 50 day moving average is $162.26 and its 200-day moving average is $152.10. The firm has a market cap of $1.89 billion, a P/E ratio of 27.18 and a beta of 1.08.

Institutional Trading of First Trust NASDAQ-100 Equal Weighted Index Fund

Several large investors have recently made changes to their positions in the business. Mirador Capital Partners LP purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter worth approximately $223,000. Toth Financial Advisory Corp purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter valued at approximately $52,000. CX Institutional increased its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 2.5% during the 3rd quarter. CX Institutional now owns 80,960 shares of the company’s stock valued at $13,175,000 after purchasing an additional 1,999 shares in the last quarter. Bouchey Financial Group Ltd. purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 2nd quarter valued at approximately $225,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 2.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 20,045 shares of the company’s stock valued at $3,199,000 after purchasing an additional 411 shares in the last quarter.

First Trust NASDAQ-100 Equal Weighted Index Fund Company Profile

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.