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

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

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Up 1.3%

NASDAQ QQXT traded up $1.23 on Tuesday, reaching $97.62. The company had a trading volume of 4,214 shares, compared to its average volume of 14,592. 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’s 50 day moving average is $100.40 and its 200-day moving average is $99.50. The stock has a market cap of $195.24 million, a price-to-earnings 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 paid a $0.2015 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QQXT. Providence Capital Advisors LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth $27,000. JPMorgan Chase & Co. bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the third quarter worth $228,000. Kovack Advisors Inc. grew its holdings 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. Finally, Cetera Investment Advisers grew its holdings in shares of 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 buying an additional 804 shares during the period.

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.