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

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

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

Institutional investors and hedge funds have recently modified their holdings of the company. Providence Capital Advisors LLC purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. purchased 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. purchased 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 1st quarter valued at about $254,000. Finally, Cetera Investment Advisers grew its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 31.7% in the 2nd quarter. Cetera Investment Advisers now owns 3,337 shares of the company’s stock valued at $330,000 after acquiring an additional 804 shares in the last quarter.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Up 1.7%

Shares of NASDAQ QQXT opened at $100.31 on Friday. The firm has a market cap of $155.48 million, a price-to-earnings ratio of 23.20 and a beta of 0.83. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 52-week low of $95.86 and a 52-week high of $104.06. The business’s 50 day moving average is $98.08 and its two-hundred day moving average is $99.29.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.187 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.