First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Short Interest Update

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 25,325 shares, a drop of 34.0% from the December 15th total of 38,394 shares. Based on an average daily volume of 19,617 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 19,617 shares, the days-to-cover ratio is currently 1.3 days.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Down 0.2%

QQXT stock traded down $0.24 during trading on Friday, hitting $100.49. 16,190 shares of the company’s stock traded hands, compared to its average volume of 22,735. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 52 week low of $83.08 and a 52 week high of $101.41. The stock has a fifty day moving average price of $99.36 and a two-hundred day moving average price of $98.99. The stock has a market capitalization of $211.03 million, a price-to-earnings ratio of 23.20 and a beta of 0.94.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.6934 per share. This represents a $2.77 annualized dividend and a yield of 2.8%. This is a positive change from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the third quarter valued at $791,000. Regal Investment Advisors LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 3rd quarter valued at about $759,000. UBS Group AG lifted its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.0% in the 3rd quarter. UBS Group AG now owns 76,379 shares of the company’s stock valued at $7,556,000 after purchasing an additional 790 shares during the last quarter. Private Advisor Group LLC boosted its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 82.1% during the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the company’s stock valued at $746,000 after purchasing an additional 3,401 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 3rd quarter worth about $228,000.

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.