Short Interest in First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Decreases By 16.8%

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 25,147 shares, a decline of 16.8% from the February 26th total of 30,231 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 11,047 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QQXT. First Trust Advisors LP acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the second quarter valued at about $732,445,000. Raymond James Financial Inc. grew its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% during the 2nd quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock worth $24,979,000 after buying an additional 224,618 shares during the period. NewEdge Advisors LLC grew its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 20,427.6% during the 2nd quarter. NewEdge Advisors LLC now owns 202,813 shares of the company’s stock worth $20,038,000 after buying an additional 201,825 shares during the period. Nilsine Partners LLC increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 49.7% in the 3rd quarter. Nilsine Partners LLC now owns 184,961 shares of the company’s stock valued at $18,299,000 after acquiring an additional 61,385 shares during the last quarter. Finally, Earned Wealth Advisors LLC acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at approximately $17,861,000.

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

Shares of QQXT stock opened at $95.94 on Monday. The firm’s 50 day moving average price is $100.48 and its two-hundred day moving average price is $99.52. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 52-week low of $83.08 and a 52-week high of $104.06. The stock has a market cap of $191.88 million, a PE ratio of 23.20 and a beta of 0.94.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a $0.2015 dividend. This represents a $0.81 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 26th.

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.