Technology sector

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Short Interest Up 42.5% in May


The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT – Get Rating) benefited from a significant increase in short interest during the month of May. As of May 31, there was short interest totaling 10,400 shares, a 42.5% increase from the May 15 total of 7,300 shares. Based on an average trading volume of 6,300 shares, the day-to-cover ratio is currently 1.7 days.

QQXT stock traded down $0.16 during trading hours on Wednesday, hitting $69.09. The stock recorded trading volume of 2,902 shares, compared to an average trading volume of 5,507 shares. The stock has a 50-day simple moving average of $75.96 and a 200-day simple moving average of $80.30. The First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a fifty-two-week low of $68.47 and a fifty-two-week high of $90.54.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Monday, March 28 received a dividend of $0.244. 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 an annualized dividend of $0.98 and a dividend yield of 1.41%.

Large investors have recently increased or reduced their stakes in the stock. Selective Wealth Management Inc. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth approximately $71,000. Concourse Financial Group Securities Inc. increased its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 53.2% in Q4. Concourse Financial Group Securities Inc. now owns 982 shares of the company valued at $87,000 after purchasing an additional 341 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 8.7% in Q4. Benjamin F. Edwards & Company Inc. now owns 2,764 shares of the company valued at $245,000 after purchasing an additional 222 shares during the period. Stifel Financial Corp increased its holdings in the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 120.9% in the fourth quarter. Stifel Financial Corp now owns 6,890 shares of the company valued at $611,000 after purchasing an additional 3,771 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.9% in the fourth quarter. Susquehanna International Group LLP now owns 9,847 shares of the company valued at $870,000 after purchasing an additional 180 shares during the period.

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