First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Short Interest Up 24.8% in February

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 30,231 shares, an increase of 24.8% from the February 12th total of 24,229 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 11,456 shares, the short-interest ratio is currently 2.6 days. Based on an average daily volume of 11,456 shares, the short-interest ratio is currently 2.6 days. Approximately 1.5% of the company’s shares are short sold.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Price Performance

NASDAQ:QQXT traded up $0.16 during mid-day trading on Friday, reaching $98.76. 1,347 shares of the company’s stock traded hands, compared to its average volume of 15,856. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 12-month low of $83.08 and a 12-month high of $104.06. The firm has a market capitalization of $197.52 million, a price-to-earnings ratio of 23.20 and a beta of 0.94. The company has a 50 day moving average price of $101.05 and a 200-day moving average price of $99.53.

Hedge Funds Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Several hedge funds have recently made changes to their positions in QQXT. First Trust Advisors LP bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter valued at approximately $732,445,000. Raymond James Financial Inc. boosted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% in the second quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock valued at $24,979,000 after acquiring an additional 224,618 shares in the last quarter. NewEdge Advisors LLC increased its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 20,427.6% during the 2nd quarter. NewEdge Advisors LLC now owns 202,813 shares of the company’s stock valued at $20,038,000 after purchasing an additional 201,825 shares during the period. Earned Wealth Advisors LLC purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at $17,861,000. Finally, Advisory Services Network LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 2nd quarter worth $17,518,000.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund that is based on the NASDAQ-100 Ex-Tech Sector index. The fund tracks an equal-weighted index of NASDAQ 100 stocks that excludes technology companies. QQXT was launched on Feb 8, 2007 and is managed by First Trust.