First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Short Interest Report for September

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 12,227 shares, a decline of 79.1% from the September 15th total of 58,528 shares. Based on an average trading volume of 44,303 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance

Shares of NASDAQ QQEW traded down $1.27 during mid-day trading on Tuesday, reaching $160.78. The company had a trading volume of 9,862 shares, compared to its average volume of 48,898. First Trust NASDAQ-100 Equal Weighted Index Fund has a twelve month low of $122.38 and a twelve month high of $167.26. The stock has a market capitalization of $1.88 billion, a PE ratio of 27.18 and a beta of 1.08. The stock’s 50 day moving average is $162.35 and its 200-day moving average is $152.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sachetta LLC boosted its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 2.3% during the first quarter. Sachetta LLC now owns 9,818 shares of the company’s stock worth $1,247,000 after purchasing an additional 220 shares during the period. Granite Bay Wealth Management LLC raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 9.5% in the first quarter. Granite Bay Wealth Management LLC now owns 62,858 shares of the company’s stock valued at $7,981,000 after purchasing an additional 5,471 shares during the period. Kestra Advisory Services LLC raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 3.4% in the first quarter. Kestra Advisory Services LLC now owns 133,973 shares of the company’s stock valued at $17,011,000 after purchasing an additional 4,374 shares during the period. Stenger Family Office LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the first quarter valued at approximately $4,703,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the first quarter worth $36,000.

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.