First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Short Interest Up 83.3% in June

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 42,624 shares, an increase of 83.3% from the June 15th total of 23,248 shares. Based on an average trading volume of 14,488 shares, the short-interest ratio is presently 2.9 days. Currently, 2.7% of the company’s stock are short sold.

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

QQXT traded down $1.35 during trading on Friday, reaching $98.98. 1,110 shares of the stock traded hands, compared to its average volume of 9,696. The stock’s 50-day simple moving average is $98.11 and its two-hundred day simple moving average is $99.28. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a fifty-two week low of $95.86 and a fifty-two week high of $104.06. The stock has a market cap of $153.41 million, a price-to-earnings ratio of 23.20 and a beta of 0.83.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.187 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.8%.

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

Several institutional investors have recently made changes to their positions in the company. Independent Financial Group LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter worth approximately $254,000. &PARTNERS bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at $444,000. Marshall Wace LLP bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at $434,000. Providence Capital Advisors LLC acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at $25,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at $27,000.

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.