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

First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 13,614 shares, a decline of 36.9% from the July 30th total of 21,573 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 18,557 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of NYSEARCA:EDOW opened at $46.16 on Wednesday. First Trust Dow 30 Equal Weight ETF has a one year low of $39.13 and a one year high of $46.90. The company has a market cap of $320.81 million, a price-to-earnings ratio of 20.87 and a beta of 0.83. The firm has a 50 day simple moving average of $45.33 and a 200 day simple moving average of $43.48.

Institutional Investors Weigh In On First Trust Dow 30 Equal Weight ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kirkwood Financial Services acquired a new position in First Trust Dow 30 Equal Weight ETF in the 2nd quarter worth about $6,174,000. Raymond James Financial Inc. boosted its stake in shares of First Trust Dow 30 Equal Weight ETF by 68.0% during the second quarter. Raymond James Financial Inc. now owns 164,622 shares of the company’s stock valued at $6,310,000 after purchasing an additional 66,639 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of First Trust Dow 30 Equal Weight ETF in the third quarter valued at approximately $1,283,000. Gateway Wealth Partners LLC raised its holdings in First Trust Dow 30 Equal Weight ETF by 309.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 38,606 shares of the company’s stock valued at $1,566,000 after buying an additional 29,180 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in First Trust Dow 30 Equal Weight ETF by 46.5% during the 1st quarter. Cetera Investment Advisers now owns 82,275 shares of the company’s stock worth $3,338,000 after buying an additional 26,125 shares during the period.

About First Trust Dow 30 Equal Weight ETF

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.