Technology sector

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Short Interest Down 21.5% in May


The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT – Get Rating) was the target of a significant drop in short interest in May. As of May 15, there was short interest totaling 7,300 shares, down 21.5% from April 30’s total of 9,300 shares. Based on an average daily volume of 6,500 shares, the day-to-cover ratio is currently 1.1 days.

Shares of the First Trust NASDAQ-100 Ex-Technology Sector Index Fund opened at $75.78 on Monday. The First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 52-week low of $69.90 and a 52-week high of $90.54. The company has a 50-day moving average of $77.98 and a 200-day moving average of $81.51.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Monday, March 28 received a dividend of $0.244. The ex-dividend date was Friday, March 25. This represents a dividend of $0.98 on an annualized basis and a yield of 1.29%. This is an increase from the previous quarterly dividend of $0.08 from the First Trust NASDAQ-100 Ex-Technology Sector Index Fund.

A number of institutional investors have recently changed their holdings to QQXT. Morgan Stanley increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 5.4% in the third quarter. Morgan Stanley now owns 264,148 shares of the company worth $22,698,000 after acquiring 13,548 additional shares in the last quarter. LPL Financial LLC increased its holdings in the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 39.0% during the third quarter. LPL Financial LLC now owns 14,670 shares of the company worth $1,261,000 after purchasing an additional 4,118 shares in the last quarter. UBS Group AG increased its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.0% during the third quarter. UBS Group AG now owns 64,176 shares of the company worth $5,515,000 after purchasing an additional 1,863 shares last quarter. Selective Wealth Management Inc. acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth approximately $71,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 8.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,764 shares of the company worth $245,000 after purchasing an additional 222 shares in the last quarter.

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