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 large decrease in short interest in 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 shares of the stock are sold short. Based on an average daily trading volume, of 6,306 shares, the days-to-cover ratio is presently 4.4 days.

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

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% during the 2nd quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock valued at $24,979,000 after purchasing an additional 224,618 shares during the last quarter. Earned Wealth Advisors LLC purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth $17,861,000. Goldman Sachs Group Inc. increased its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 434.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 153,263 shares of the company’s stock valued at $15,230,000 after acquiring an additional 124,561 shares during the last quarter. Benjamin Edwards Inc. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter valued at $9,713,000. Finally, Bank of America Corp DE raised its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 525.5% in the second quarter. Bank of America Corp DE now owns 64,628 shares of the company’s stock valued at $6,385,000 after acquiring an additional 54,296 shares during the period.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Trading Up 0.3%

Shares of NASDAQ:QQXT opened at $100.03 on Friday. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 12 month low of $95.86 and a 12 month high of $104.06. The company has a 50-day moving average price of $98.47 and a 200 day moving average price of $99.23. The company has a market cap of $155.05 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.187 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.75 dividend on an annualized basis and a yield of 0.7%.

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.