First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Sees Significant Drop in Short Interest

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 826 shares, a decrease of 49.8% from the September 30th total of 1,644 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 14,785 shares, the days-to-cover ratio is currently 0.1 days.

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

QQXT traded up $0.08 on Friday, reaching $100.01. 4,972 shares of the company’s stock were exchanged, compared to its average volume of 8,555. The stock’s fifty day moving average price is $99.18 and its 200-day moving average price is $99.47. The stock has a market cap of $135.01 million, a PE ratio of 23.20 and a beta of 0.83. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a twelve month low of $95.51 and a twelve month high of $105.03.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.1919 per share. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.1870. This represents a $0.77 dividend on an annualized basis and a dividend yield of 0.8%.

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

A number of institutional investors have recently modified their holdings of the business. Citadel Advisors LLC increased its holdings in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 109.3% in the second quarter. Citadel Advisors LLC now owns 19,550 shares of the company’s stock valued at $1,908,000 after purchasing an additional 10,209 shares during the period. Equitable Trust Co. purchased a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the first quarter worth $351,000. Independent Financial Group LLC purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter valued at about $254,000. Earned Wealth Advisors LLC increased its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% during the first quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock worth $17,776,000 after buying an additional 2,345 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter worth about $28,000.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

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.