EDOW - short positionResistance seems to be strong on this chart.
Enter the short position now and wait for the price to reach the targets which are shown on the chart.
Key stats
About First Trust Dow 30 Equal Weight ETF
Expense ratio
0.50%
Home page
Inception date
Aug 8, 2017
EDOW is the equal-weighted take on the Dow Jones Industrial Average Index (DJAI) which is a price-weighted index. The fund has the same exposure to DJIA, holding 30 large-cap US stocks issued by blue-chip companies covering a wide range of industries. In contrast, EDOW gives equal weight to the same 30 constituents, allowing each stock to contribute equally to the performance return. Equal weighting reduces concentration and individual stock risk. The underlying index is rebalanced on a quarterly basis, which provides a mechanism to systematically sell off positions that have appreciated and buy those that are lower. On December 14, 2020, the First Trust Mega Cap AlphaDex Fund (ticker: FMK) was merged into EDOW. Assets from FMK stood at just under $21.5 million, with 500,00 shares outstanding.
Classification
What's in the fund
Exposure type
Electronic Technology
Finance
Consumer Non-Durables
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.