Short Interest in First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Grows By 449.2%

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Rating) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 178,500 shares, a growth of 449.2% from the April 30th total of 32,500 shares. Based on an average daily volume of 143,600 shares, the short-interest ratio is currently 1.2 days.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Up 2.5 %

Shares of QQEW stock traded up $2.51 during trading hours on Friday, reaching $102.00. The stock had a trading volume of 100,938 shares, compared to its average volume of 147,894. First Trust NASDAQ 100 Equal Weighted Index Fund has a 12 month low of $79.73 and a 12 month high of $102.48. The firm has a market capitalization of $1.51 billion, a PE ratio of 22.19 and a beta of 1.05. The stock’s fifty day simple moving average is $98.49 and its 200 day simple moving average is $97.85.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were given a dividend of $0.182 per share. The ex-dividend date was Friday, March 24th. This is a positive change from First Trust NASDAQ 100 Equal Weighted Index Fund’s previous quarterly dividend of $0.18. This represents a $0.73 annualized dividend and a yield of 0.71%.

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

Hedge funds have recently bought and sold shares of the stock. Ellevest Inc. bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 4th quarter worth approximately $27,000. Column Capital Advisors LLC bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 4th quarter worth approximately $37,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 1st quarter worth approximately $40,000. ICA Group Wealth Management LLC purchased a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the fourth quarter worth $41,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the first quarter worth $55,000.

First Trust NASDAQ 100 Equal Weighted Index Fund Company Profile

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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.