First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Sees Significant Increase in Short Interest

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 26,600 shares, an increase of 8,766.7% from the March 15th total of 300 shares. Based on an average daily trading volume, of 26,700 shares, the days-to-cover ratio is currently 1.0 days.

First Trust NASDAQ 100 Ex-Technology Sector Index Fund Trading Down 1.3 %

QQXT stock traded down $1.19 during trading on Wednesday, reaching $88.27. 3,790 shares of the stock were exchanged, compared to its average volume of 11,081. The firm's 50 day moving average is $89.30 and its 200 day moving average is $85.59. First Trust NASDAQ 100 Ex-Technology Sector Index Fund has a twelve month low of $75.78 and a twelve month high of $91.19. The firm has a market cap of $145.64 million, a P/E ratio of 22.68 and a beta of 0.98.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.2887 per share. This represents a $1.15 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, March 21st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank bought a new stake in First Trust NASDAQ 100 Ex-Technology Sector Index Fund during the 3rd quarter worth approximately $37,000. Steward Partners Investment Advisory LLC bought a new position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the first quarter valued at approximately $41,000. Osaic Holdings Inc. grew its holdings in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 134.7% in the second quarter. Osaic Holdings Inc. now owns 1,399 shares of the company's stock valued at $118,000 after acquiring an additional 803 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 309.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,667 shares of the company's stock valued at $204,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the fourth quarter valued at approximately $212,000.

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.