First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Down 24.3% in November

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 60,500 shares, a decline of 24.3% from the October 31st total of 79,900 shares. Based on an average daily trading volume, of 53,400 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 384.4% during the first quarter. Cetera Investment Advisers now owns 71,364 shares of the company’s stock worth $8,842,000 after buying an additional 56,632 shares in the last quarter. Cetera Advisors LLC raised its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 148.4% in the 1st quarter. Cetera Advisors LLC now owns 13,921 shares of the company’s stock worth $1,725,000 after purchasing an additional 8,316 shares in the last quarter. Bright Futures Wealth Management LLC. bought a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund in the 1st quarter valued at about $1,114,000. CWM LLC grew its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 37.2% during the 2nd quarter. CWM LLC now owns 1,625 shares of the company’s stock worth $200,000 after purchasing an additional 441 shares in the last quarter. Finally, CX Institutional grew its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.9% during the 2nd quarter. CX Institutional now owns 43,841 shares of the company’s stock worth $5,405,000 after purchasing an additional 1,224 shares in the last quarter.

First Trust NASDAQ 100 Equal Weighted Index Fund Price Performance

QQEW traded up $0.71 on Friday, reaching $131.51. 11,548 shares of the company traded hands, compared to its average volume of 90,475. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 30.27 and a beta of 1.05. First Trust NASDAQ 100 Equal Weighted Index Fund has a 52-week low of $108.83 and a 52-week high of $132.52. The stock’s 50 day moving average price is $127.20 and its 200-day moving average price is $124.08.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1298 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.39%.

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.