First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Short Interest Update

First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,416 shares, a decline of 44.2% from the August 31st total of 7,908 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 13,670 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of First Trust Dow 30 Equal Weight ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in First Trust Dow 30 Equal Weight ETF by 6.3% in the 2nd 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 in the last quarter. Kirkwood Financial Services bought a new position in First Trust Dow 30 Equal Weight ETF during the second quarter valued at approximately $6,174,000. Ameritas Advisory Services LLC grew its position in First Trust Dow 30 Equal Weight ETF by 7.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 43,551 shares of the company’s stock worth $1,920,000 after purchasing an additional 3,120 shares during the period. Guardian Wealth Advisors LLC NC grew its position in 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 purchasing an additional 750 shares during the period. Finally, POM Investment Strategies LLC raised its stake in 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 during the last quarter.

First Trust Dow 30 Equal Weight ETF Price Performance

EDOW stock traded up $0.07 during trading on Thursday, hitting $44.35. 18,855 shares of the stock traded hands, compared to its average volume of 26,374. The stock has a market cap of $310.49 million, a price-to-earnings ratio of 20.87 and a beta of 0.84. First Trust Dow 30 Equal Weight ETF has a 1 year low of $39.13 and a 1 year high of $46.90. The firm’s 50 day moving average is $45.72 and its two-hundred day moving average is $43.88.

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.