First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Short Interest Down 35.4% in July

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 27,547 shares, a decrease of 35.4% from the June 30th total of 42,624 shares. Based on an average daily volume of 6,306 shares, the days-to-cover ratio is presently 4.4 days. Currently, 1.8% of the shares of the company are sold short.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Performance

Shares of QQXT opened at $100.03 on Friday. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a one year low of $95.86 and a one year high of $104.06. The stock’s fifty day moving average is $98.47 and its 200-day moving average is $99.23. The firm has a market capitalization of $155.05 million, a price-to-earnings ratio of 23.20 and a beta of 0.83.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.187 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Several large investors have recently bought and sold shares of the stock. Providence Capital Advisors LLC bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter worth about $25,000. Cetera Investment Advisers boosted its holdings in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the first quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after acquiring an additional 254 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the fourth quarter valued at approximately $27,000. Regal Investment Advisors LLC increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% during the fourth quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock valued at $815,000 after acquiring an additional 530 shares during the period. Finally, UBS Group AG increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.0% during the third quarter. UBS Group AG now owns 76,379 shares of the company’s stock valued at $7,556,000 after acquiring an additional 790 shares during the period.

About First Trust NASDAQ-100 Ex-Technology Sector Index Fund

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund that is based on the NASDAQ-100 Ex-Tech Sector index. The fund tracks an equal-weighted index of NASDAQ 100 stocks that excludes technology companies. QQXT was launched on Feb 8, 2007 and is managed by First Trust.