First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Large Increase in Short Interest

by · The Cerbat Gem

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 58,528 shares, an increase of 160.4% from the August 31st total of 22,472 shares. Based on an average daily volume of 70,087 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 3.4% in the 1st quarter. Kestra Advisory Services LLC now owns 133,973 shares of the company’s stock valued at $17,011,000 after buying an additional 4,374 shares during the period. Corient Private Wealth LP grew its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 2,056.3% in the second quarter. Corient Private Wealth LP now owns 85,194 shares of the company’s stock valued at $13,597,000 after acquiring an additional 81,243 shares during the last quarter. CX Institutional boosted its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 3.1% in the 2nd quarter. CX Institutional now owns 78,961 shares of the company’s stock valued at $12,602,000 after purchasing an additional 2,379 shares in the last quarter. Granite Bay Wealth Management LLC increased its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 9.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 62,858 shares of the company’s stock worth $7,981,000 after purchasing an additional 5,471 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 61.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 40,516 shares of the company’s stock valued at $5,759,000 after buying an additional 15,375 shares in the last quarter.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

QQEW opened at $163.77 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 27.18 and a beta of 1.08. First Trust NASDAQ-100 Equal Weighted Index Fund has a 1 year low of $122.38 and a 1 year high of $167.26. The business’s 50-day moving average price is $160.17 and its two-hundred day moving average price is $149.72.

First Trust NASDAQ-100 Equal Weighted Index Fund Company Profile

(Get Free Report)

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.

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