First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Short Interest Rises 60.5%

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,644 shares, a growth of 60.5% from the September 15th total of 1,024 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,208 shares, the short-interest ratio is currently 0.4 days.

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

Shares of NASDAQ QQXT traded down $0.31 during mid-day trading on Friday, reaching $98.95. The company had a trading volume of 4,893 shares, compared to its average volume of 8,398. The stock has a fifty day moving average of $99.91 and a two-hundred day moving average of $99.06. The company has a market capitalization of $143.48 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 12-month low of $95.51 and a 12-month high of $105.03.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1919 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.1870. This represents a $0.77 dividend on an annualized basis and a yield of 0.8%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QQXT. Earned Wealth Advisors LLC boosted its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% during the first quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock worth $17,776,000 after purchasing an additional 2,345 shares during the period. Independent Financial Group LLC acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the first quarter valued at approximately $254,000. Citadel Advisors LLC raised its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 109.3% in the second quarter. Citadel Advisors LLC now owns 19,550 shares of the company’s stock valued at $1,908,000 after purchasing an additional 10,209 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the second quarter valued at approximately $28,000. Finally, Cetera Investment Advisers raised its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the first quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after purchasing an additional 254 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.