First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Short Interest Update

by · The Markets Daily

First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,416 shares, a drop of 44.2% from the August 31st total of 7,908 shares. Based on an average daily trading volume, of 13,670 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Dow 30 Equal Weight ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EDOW. Cetera Investment Advisers raised its position in First Trust Dow 30 Equal Weight ETF by 46.5% in the first quarter. Cetera Investment Advisers now owns 82,275 shares of the company’s stock valued at $3,338,000 after purchasing an additional 26,125 shares during the period. Kirkwood Financial Services purchased a new stake in shares of First Trust Dow 30 Equal Weight ETF in the second quarter worth about $6,174,000. Gateway Wealth Partners LLC boosted its position in shares of First Trust Dow 30 Equal Weight ETF by 309.6% in the first quarter. Gateway Wealth Partners LLC now owns 38,606 shares of the company’s stock worth $1,566,000 after buying an additional 29,180 shares during the period. Western Wealth Management LLC acquired a new stake in shares of First Trust Dow 30 Equal Weight ETF in the first quarter valued at about $26,000. Finally, Parallel Advisors LLC grew its stake in shares of First Trust Dow 30 Equal Weight ETF by 188.7% in the first quarter. Parallel Advisors LLC now owns 7,431 shares of the company’s stock valued at $301,000 after buying an additional 4,857 shares in the last quarter.

First Trust Dow 30 Equal Weight ETF Price Performance

EDOW stock traded down $0.35 during midday trading on Wednesday, reaching $44.28. 12,507 shares of the company’s stock traded hands, compared to its average volume of 26,417. First Trust Dow 30 Equal Weight ETF has a fifty-two week low of $39.13 and a fifty-two week high of $46.90. The business has a 50-day moving average price of $45.72 and a two-hundred day moving average price of $43.86. The company has a market capitalization of $312.17 million, a P/E ratio of 20.87 and a beta of 0.83.

About First Trust Dow 30 Equal Weight ETF

(Get Free Report)

The First Trust Dow 30 Equal Weight ETF (EDOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of companies included in the Dow Jones Industrial Average. EDOW was launched on Aug 8, 2017 and is managed by First Trust.

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