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 recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,685 shares, a decrease of 76.9% from the October 15th total of 20,275 shares. Approximately 0.1% of the shares of the stock are sold short. 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 Stock Performance

NYSEARCA EDOW opened at $46.79 on Thursday. The stock has a 50 day moving average price of $45.68 and a 200-day moving average price of $43.99. First Trust Dow 30 Equal Weight ETF has a one year low of $39.69 and a one year high of $48.25. The company has a market capitalization of $329.86 million, a P/E ratio of 21.88 and a beta of 0.84.

Institutional Investors Weigh In On First Trust Dow 30 Equal Weight ETF

A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in First Trust Dow 30 Equal Weight ETF by 7.7% during the third quarter. International Assets Investment Management LLC now owns 6,993 shares of the company’s stock valued at $310,000 after purchasing an additional 500 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of First Trust Dow 30 Equal Weight ETF in the 1st quarter worth about $26,000. Guardian Wealth Advisors LLC NC increased its holdings in shares of First Trust Dow 30 Equal Weight ETF by 0.9% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 84,278 shares of the company’s stock worth $3,716,000 after buying an additional 750 shares during the last quarter. POM Investment Strategies LLC raised its position in shares of First Trust Dow 30 Equal Weight ETF by 227.7% during the 2nd quarter. POM Investment Strategies LLC now owns 1,206 shares of the company’s stock valued at $53,000 after buying an additional 838 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of First Trust Dow 30 Equal Weight ETF by 5.0% during the 1st quarter. Sanctuary Advisors LLC now owns 22,674 shares of the company’s stock valued at $920,000 after buying an additional 1,080 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.