First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Update

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 62,600 shares, a drop of 47.5% from the February 28th total of 119,200 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 76,200 shares, the days-to-cover ratio is presently 0.8 days.

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

Several institutional investors and hedge funds have recently modified their holdings of QQEW. Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth about $119,160,000. LPL Financial LLC lifted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 12.2% in the fourth quarter. LPL Financial LLC now owns 856,301 shares of the company's stock valued at $107,003,000 after acquiring an additional 92,847 shares during the last quarter. Royal Bank of Canada grew its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 22.9% in the fourth quarter. Royal Bank of Canada now owns 285,192 shares of the company's stock worth $35,638,000 after acquiring an additional 53,231 shares in the last quarter. Gratus Wealth Advisors LLC grew its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 0.7% in the fourth quarter. Gratus Wealth Advisors LLC now owns 193,504 shares of the company's stock worth $24,180,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 19.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 193,207 shares of the company's stock worth $24,143,000 after purchasing an additional 31,219 shares during the last quarter.

Remove Ads

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 0.2 %

Shares of QQEW stock traded down $0.20 during trading hours on Monday, reaching $120.93. 49,891 shares of the stock traded hands, compared to its average volume of 78,668. The firm has a market capitalization of $1.78 billion, a PE ratio of 27.58 and a beta of 1.05. First Trust NASDAQ 100 Equal Weighted Index Fund has a 1-year low of $113.15 and a 1-year high of $136.19. The business has a fifty day moving average price of $128.71 and a 200 day moving average price of $127.84.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.1529 dividend. This represents a $0.61 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from First Trust NASDAQ 100 Equal Weighted Index Fund's previous quarterly dividend of $0.13.

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.