Technology sector

First Trust NASDAQ-100 Ex-Technology Sector Index (NASDAQ:QQXT) Fund Sees Sharp Drop in Short-Term Interest


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 April. As of April 30, there was short interest totaling 9,300 shares, down 45.6% from the total of 17,100 shares as of April 15. Based on an average daily volume of 5,800 shares, the short interest ratio is currently 1.6 days.

A number of hedge funds have recently increased or reduced their stakes in QQXT. Selective Wealth Management Inc. acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the fourth quarter worth $71,000. Concourse Financial Group Securities Inc. increased its stake in shares of the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 53.2% during the fourth quarter. 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 stake in shares of 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 valued at $245,000 after purchasing an additional 222 shares during the period. Stifel Financial Corp increased its stake in shares of the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 120.9% during 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, Raymond James Financial Services Advisors Inc. increased its stake in shares of the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,833 shares of the company valued at $673,000 after purchasing an additional 252 shares during the period.

QQXT stock traded at $2.00 midday Friday, hitting $73.32. The company’s stock had a trading volume of 3,487 shares, compared to its average volume of 5,717. The stock has a fifty-day simple moving average of $79.03 and a two-hundred-day simple moving average of $82.78. The First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 1-year low of $69.90 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. This is a positive change from the previous quarterly dividend of $0.08 for the First Trust NASDAQ-100 Ex-Technology Sector Index Fund. The ex-dividend date was Friday, March 25. This represents a dividend of $0.98 on an annualized basis and a yield of 1.33%.

Recommended Stories



Receive daily news and reviews for the First Trust NASDAQ-100 Ex-Technology Sector Index Fund – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for the First Trust NASDAQ-100 Ex-Technology Sector Index Fund and related companies with the free daily email newsletter email from MarketBeat.com.