Short Interest in First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Decreases By 35.4%

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 27,547 shares, a decrease of 35.4% from the June 30th total of 42,624 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 6,306 shares, the short-interest ratio is currently 4.4 days.

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

NASDAQ QQXT opened at $99.47 on Friday. The firm has a market capitalization of $154.18 million, a price-to-earnings ratio of 23.20 and a beta of 0.83. The company has a 50 day simple moving average of $98.44 and a 200-day simple moving average of $99.22. 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.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.187 dividend. This represents a $0.75 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its holdings in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% during the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after acquiring an additional 254 shares in the last quarter. 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 valued at $17,776,000 after purchasing an additional 2,345 shares during the last quarter. Independent Financial Group LLC acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the first quarter valued at $254,000. Equitable Trust Co. purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter valued at about $351,000. Finally, Regal Investment Advisors LLC grew its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% in the fourth quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock valued at $815,000 after purchasing an additional 530 shares in the last quarter.

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.