First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Down 22.6% in August

Posted by John Perry on Sep 10th, 2025

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 48,200 shares, a drop of 22.6% from the July 31st total of 62,300 shares. Based on an average daily volume of 50,900 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 50,900 shares, the short-interest ratio is currently 0.9 days.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Up 0.2%

NASDAQ:QQEW opened at $136.77 on Wednesday. The company has a market cap of $1.89 billion, a P/E ratio of 27.18 and a beta of 1.05. First Trust NASDAQ-100 Equal Weighted Index Fund has a fifty-two week low of $104.28 and a fifty-two week high of $140.24. The firm’s 50 day moving average is $136.94 and its two-hundred day moving average is $129.46.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%.

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

Large investors have recently bought and sold shares of the stock. Pineridge Advisors LLC purchased a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth approximately $32,000. MTM Investment Management LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 2nd quarter valued at $41,000. Barclays PLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 4th quarter valued at $50,000. Hughes Financial Services LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter valued at $66,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 2nd quarter valued at $74,000.

First Trust NASDAQ-100 Equal Weighted Index Fund Company Profile

(Get Free Report)

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.