Technology sector

Short-term stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) rises 496.4%

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT – Get Rating) saw significant growth in short-term interest during the month of August. As of August 15, there were short interests totaling 33,400 shares, a growth of 496.4% from the total of 5,600 shares as of July 31. Based on an average daily volume of 9,900 shares, the short interest rate is currently 3.4 days.

Institutional entries and exits

Hedge funds have recently been buying and selling shares of the company. Concourse Financial Group Securities Inc. increased its position in 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 acquiring 341 additional shares in the last quarter. Flow Traders US LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter worth $221,000. Citadel Advisors LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter at a value of $887,000. WMG Financial Advisors LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter at a value of $898,000. Finally, LPL Financial LLC increased its position in the First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 49.9% during the second quarter. LPL Financial LLC now owns 16,922 shares of the company valued at $1,194,000 after acquiring an additional 5,630 shares in the last quarter.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Trades Down 3.0%

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QQXT was down $2.34 during Friday trading hours, hitting $76.40. The company’s stock had a trading volume of 3,576 shares, compared to an average volume of 7,322. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 12-month low of $67.74 and a higher 12-month high of $90.54. The company’s 50-day moving average price is $75.33 and its 200-day moving average price is $76.69.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Cuts Dividends

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Monday, June 27 received a dividend of $0.125 per share. This represents a dividend of $0.50 on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, June 24.

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