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 large 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,567 shares, the short-interest ratio is presently 0.8 days.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Up 0.9%

NASDAQ:QQEW traded up $1.43 on Monday, reaching $152.46. 18,080 shares of the company’s stock traded hands, compared to its average volume of 50,317. The stock has a 50-day simple moving average of $154.71 and a 200-day simple moving average of $142.36. The firm has a market cap of $1.72 billion, a PE ratio of 27.18 and a beta of 1.07. First Trust NASDAQ-100 Equal Weighted Index Fund has a 12 month low of $122.38 and a 12 month high of $162.19.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Luken Investment Analytics LLC boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 4.5% in the 4th quarter. Luken Investment Analytics LLC now owns 4,414 shares of the company’s stock worth $627,000 after purchasing an additional 192 shares during the period. Wealthfront Advisers LLC raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 22.0% during the fourth quarter. Wealthfront Advisers LLC now owns 5,355 shares of the company’s stock valued at $761,000 after buying an additional 967 shares during the last quarter. CWM LLC raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 41.1% during the fourth quarter. CWM LLC now owns 2,004 shares of the company’s stock valued at $285,000 after buying an additional 584 shares during the last quarter. CX Institutional lifted its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 4.6% in the fourth quarter. CX Institutional now owns 70,864 shares of the company’s stock worth $10,072,000 after buying an additional 3,107 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the fourth quarter worth $401,000.

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.