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

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,024 shares, a decrease of 95.1% from the August 31st total of 21,040 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 4,970 shares, the days-to-cover ratio is currently 0.2 days.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Down 0.1%

NASDAQ:QQXT traded down $0.06 during trading hours on Friday, reaching $96.42. The company had a trading volume of 1,260 shares, compared to its average volume of 8,063. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a twelve month low of $95.86 and a twelve month high of $105.03. The firm has a market cap of $144.62 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. The business’s 50-day simple moving average is $100.78 and its two-hundred day simple moving average is $99.21.

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

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

Institutional Trading of First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Several large investors have recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock worth $354,000 after buying an additional 254 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter valued at approximately $28,000. Earned Wealth Advisors LLC increased its position in shares of 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 valued at $17,776,000 after acquiring an additional 2,345 shares during the last quarter. Independent Financial Group LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the first quarter worth $254,000. Finally, Equitable Trust Co. bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the first quarter worth $351,000.

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.