First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Shorted: Short Interest Down 95.1% in September

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 1,024 shares, a decline of 95.1% from the August 31st total of 21,040 shares. Based on an average daily trading volume, of 4,970 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

First Trust NASDAQ-100 Ex-Technology Sector Index Fund stock traded down $0.58 during mid-day trading on Thursday, hitting $96.50. The company’s stock had a trading volume of 4,747 shares, compared to its average volume of 8,102. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 52-week low of $95.86 and a 52-week high of $105.03. The company has a market cap of $144.75 million, a PE ratio of 23.20 and a beta of 0.82. The firm’s 50 day moving average is $100.78 and its 200 day moving average is $99.21.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a $0.1919 dividend. The ex-dividend date is Thursday, September 24th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.1870.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QQXT. Earned Wealth Advisors LLC grew its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% during the first quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock valued at $17,776,000 after purchasing an additional 2,345 shares in the last quarter. Citadel Advisors LLC lifted its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 109.3% in the 2nd quarter. Citadel Advisors LLC now owns 19,550 shares of the company’s stock worth $1,908,000 after buying an additional 10,209 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock worth $354,000 after buying an additional 254 shares in the last quarter. Equitable Trust Co. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter valued at $351,000. Finally, Independent Financial Group LLC acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter valued at $254,000.

About First Trust NASDAQ-100 Ex-Technology Sector Index Fund

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.