Technology sector

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


The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT – Get Rating) was the target of a sharp drop in short-term interest rates during March. As of March 31, there was short interest totaling 3,400 shares, down 42.4% from the March 15 total of 5,900 shares. Based on an average daily trading volume of 5,600 shares, the short-term interest rate ratio is currently 0.6 days.

QQXT shares opened at $81.87 on Friday. The company has a fifty-day simple moving average of $80.18 and a two-hundred-day simple moving average of $84.23. The First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 1-year low of $74.53 and a 1-year high of $90.54.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Monday, March 28 received a dividend of $0.244 per share. The ex-dividend date was Friday, March 25. This is a positive change from the previous quarterly dividend of $0.08 for the First Trust NASDAQ-100 Ex-Technology Sector Index Fund. This represents a dividend of $0.98 on an annualized basis and a yield of 1.19%.

A number of institutional investors and hedge funds have recently changed their positions in QQXT. Janney Montgomery Scott LLC increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 0.7% during the third quarter. Janney Montgomery Scott LLC now owns 36,420 shares of the company valued at $3,130,000 after purchasing an additional 254 shares in the last quarter. AE Wealth Management LLC increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 20.1% during Q3. AE Wealth Management LLC now owns 9,132 shares of the company valued at $785,000 after purchasing an additional 1,527 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.3% during Q3. Raymond James Financial Services Advisors Inc. now owns 7,833 shares of the company valued at $673,000 after purchasing an additional 252 shares in the last quarter. Truist Financial Corp increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 23.2% during Q3. Truist Financial Corp now owns 15,830 shares of the company valued at $1,360,000 after buying 2,984 additional shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 18.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,220 shares of the company valued at $2,683,000 after purchasing an additional 4,770 shares in the last quarter.

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