Short Interest in First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Expands By 83.3%

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 42,624 shares, an increase of 83.3% from the June 15th total of 23,248 shares. Based on an average daily trading volume, of 14,488 shares, the short-interest ratio is presently 2.9 days. Approximately 2.7% of the shares of the stock are short sold.

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

First Trust NASDAQ-100 Ex-Technology Sector Index Fund stock opened at $98.98 on Friday. The business has a 50 day simple moving average of $98.11 and a 200 day simple moving average of $99.28. The company has a market capitalization of $153.41 million, a PE ratio of 23.20 and a beta of 0.83. 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.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.187 per share. This represents a $0.75 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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

Several institutional investors and hedge funds have recently made changes to their positions in QQXT. Providence Capital Advisors LLC bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at about $27,000. JPMorgan Chase & Co. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 3rd quarter valued at about $228,000. Independent Financial Group LLC acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter valued at about $254,000. Finally, Cetera Investment Advisers boosted its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 31.7% in the second quarter. Cetera Investment Advisers now owns 3,337 shares of the company’s stock valued at $330,000 after buying an additional 804 shares in the last quarter.

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.