First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Short Interest Update

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEWGet Rating) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,900 shares, a drop of 58.1% from the March 15th total of 9,300 shares. Based on an average daily trading volume, of 81,400 shares, the days-to-cover ratio is presently 0.0 days.

Several large investors have recently modified their holdings of QQEW. Good Life Advisors LLC acquired a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter valued at approximately $25,327,000. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 39.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 189,622 shares of the company’s stock valued at $21,096,000 after buying an additional 53,560 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 4th quarter valued at approximately $5,414,000. LPL Financial LLC raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 14.5% in the 4th quarter. LPL Financial LLC now owns 239,163 shares of the company’s stock valued at $28,334,000 after buying an additional 30,362 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 931.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 31,402 shares of the company’s stock valued at $3,493,000 after buying an additional 28,359 shares in the last quarter.

First Trust NASDAQ-100 Equal Weighted Index Fund stock traded down $2.02 during midday trading on Friday, hitting $102.96. The company’s stock had a trading volume of 34,164 shares, compared to its average volume of 79,544. First Trust NASDAQ-100 Equal Weighted Index Fund has a 1-year low of $95.35 and a 1-year high of $121.07. The company has a 50-day moving average price of $104.17 and a two-hundred day moving average price of $110.73.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28th were given a $0.183 dividend. The ex-dividend date of this dividend was Friday, March 25th. This is a boost from First Trust NASDAQ-100 Equal Weighted Index Fund’s previous quarterly dividend of $0.10. This represents a $0.73 annualized dividend and a dividend yield of 0.71%.

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