Short Interest in First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Increases By 24.8%

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 30,231 shares, a growth of 24.8% from the February 12th total of 24,229 shares. Based on an average daily volume of 11,456 shares, the short-interest ratio is currently 2.6 days. Approximately 1.5% of the shares of the stock are short sold. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 11,456 shares, the short-interest ratio is currently 2.6 days.

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

First Trust NASDAQ-100 Ex-Technology Sector Index Fund stock traded up $0.64 on Monday, reaching $99.40. The company’s stock had a trading volume of 401 shares, compared to its average volume of 15,546. The business’s fifty day moving average price is $101.05 and its 200 day moving average price is $99.53. The company has a market cap of $198.79 million, a price-to-earnings ratio of 23.20 and a beta of 0.94. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a twelve month low of $83.08 and a twelve month high of $104.06.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QQXT. Providence Capital Advisors LLC bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at $27,000. Kovack Advisors Inc. increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.0% in the 3rd quarter. Kovack Advisors Inc. now owns 2,976 shares of the company’s stock valued at $294,000 after buying an additional 295 shares during the period. Davis Investment Partners LLC raised its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.5% during the third quarter. Davis Investment Partners LLC now owns 11,758 shares of the company’s stock worth $1,166,000 after acquiring an additional 400 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted 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.

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.