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. Currently, 0.4% of the company's stock are short sold. Based on an average trading volume of 76,200 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On First Trust NASDAQ 100 Equal Weighted Index Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,873 shares of the company's stock worth $1,234,000 after acquiring an additional 495 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 1.6% during the fourth quarter. Centaurus Financial Inc. now owns 5,681 shares of the company's stock worth $710,000 after purchasing an additional 89 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 4.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,636 shares of the company's stock worth $2,704,000 after purchasing an additional 984 shares in the last quarter. GTS Securities LLC increased its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 56.6% in the 4th quarter. GTS Securities LLC now owns 72,445 shares of the company's stock valued at $9,041,000 after buying an additional 26,179 shares during the last quarter. Finally, Novem Group bought a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth approximately $695,000.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Up 0.3 %

QQEW stock traded up $0.40 during mid-day trading on Tuesday, reaching $121.33. 27,240 shares of the company traded hands, compared to its average volume of 77,812. The firm's 50 day moving average price is $128.55 and its 200 day moving average price is $127.83. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 27.58 and a beta of 1.05. First Trust NASDAQ 100 Equal Weighted Index Fund has a fifty-two week low of $113.15 and a fifty-two week high of $136.19.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1529 per share. This is a boost from First Trust NASDAQ 100 Equal Weighted Index Fund's previous quarterly dividend of $0.13. The ex-dividend date was Thursday, March 27th. This represents a $0.61 annualized dividend and a dividend yield of 0.50%.

First Trust NASDAQ 100 Equal Weighted Index Fund Company Profile

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.