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 recipient 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 daily trading volume, of 4,208 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

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

Shares of NASDAQ:QQXT traded up $0.22 on Friday, reaching $99.48. The company had a trading volume of 1,557 shares, compared to its average volume of 8,381. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a twelve month low of $95.51 and a twelve month high of $105.03. The stock has a 50-day moving average price of $99.98 and a 200 day moving average price of $99.06. The stock has a market capitalization of $144.25 million, a P/E ratio of 23.20 and a beta of 0.83.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1919 dividend. This is an increase from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.1870. The ex-dividend date was Thursday, September 24th. This represents a $0.77 annualized dividend and a yield of 0.8%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 2nd quarter worth $28,000. Citadel Advisors LLC boosted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 109.3% during the second quarter. Citadel Advisors LLC now owns 19,550 shares of the company’s stock valued at $1,908,000 after acquiring an additional 10,209 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% during the first quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after acquiring an additional 254 shares during the period. Earned Wealth Advisors LLC grew its position 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 valued at $17,776,000 after purchasing an additional 2,345 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter worth about $254,000.

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.