First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Shorted: Short Interest Up 60.5% in September

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the target of a significant growth in short interest during the month of 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. Based on an average trading volume of 4,208 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QQXT. Earned Wealth Advisors LLC increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% in the first quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock worth $17,776,000 after buying an additional 2,345 shares during the period. Citadel Advisors LLC raised its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 109.3% during the 2nd quarter. Citadel Advisors LLC now owns 19,550 shares of the company’s stock valued at $1,908,000 after buying an additional 10,209 shares during the last quarter. Cetera Investment Advisers boosted its position in 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 buying an additional 254 shares during the period. Equitable Trust Co. purchased a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter valued at $351,000. Finally, Independent Financial Group LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 1st quarter worth $254,000.

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

QQXT opened at $98.95 on Friday. The stock’s 50 day simple moving average is $99.91 and its 200 day simple moving average is $99.06. The firm has a market cap of $133.58 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 1 year low of $95.51 and a 1 year 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. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1919 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 0.8%. 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 was Thursday, September 24th.

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.