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

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEWGet Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 10,300 shares, a decline of 32.2% from the April 15th total of 15,200 shares. Based on an average trading volume of 75,700 shares, the short-interest ratio is currently 0.1 days.

Shares of First Trust NASDAQ-100 Equal Weighted Index Fund stock traded up $3.61 during trading hours on Friday, hitting $92.21. The company’s stock had a trading volume of 98,366 shares, compared to its average volume of 80,283. The business has a 50 day moving average price of $101.11 and a two-hundred day moving average price of $108.47. First Trust NASDAQ-100 Equal Weighted Index Fund has a 12-month low of $86.75 and a 12-month high of $121.07.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were given a $0.183 dividend. This is an increase from First Trust NASDAQ-100 Equal Weighted Index Fund’s previous quarterly dividend of $0.10. This represents a $0.73 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, March 25th.

Several large investors have recently bought and sold shares of QQEW. MUFG Americas Holdings Corp purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the fourth quarter worth about $38,000. Huntington National Bank bought a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth approximately $54,000. Benjamin Edwards Inc. increased its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 706.3% during the first quarter. Benjamin Edwards Inc. now owns 516 shares of the company’s stock worth $55,000 after acquiring an additional 452 shares during the last quarter. Barclays PLC bought a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the third quarter worth approximately $61,000. Finally, Allworth Financial LP bought a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the fourth quarter worth approximately $76,000.

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