First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Short Interest Update

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 434,500 shares, a drop of 26.7% from the August 31st total of 592,800 shares. Based on an average daily trading volume, of 119,000 shares, the short-interest ratio is currently 3.7 days.

First Trust NASDAQ 100 Technology Index Fund Stock Down 0.5 %

Shares of QTEC traded down $0.91 during trading hours on Friday, hitting $192.04. The company had a trading volume of 195,690 shares, compared to its average volume of 111,459. The business has a fifty day moving average of $185.25 and a 200-day moving average of $188.82. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a 12 month low of $136.99 and a 12 month high of $206.52.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

Hedge funds have recently added to or reduced their stakes in the company. Concentrum Wealth Management increased its holdings in First Trust NASDAQ 100 Technology Index Fund by 3.6% in the 4th quarter. Concentrum Wealth Management now owns 18,999 shares of the company’s stock valued at $3,334,000 after buying an additional 667 shares during the period. Orion Portfolio Solutions LLC bought a new position in shares of First Trust NASDAQ 100 Technology Index Fund in the 4th quarter valued at $521,000. Steward Partners Investment Advisory LLC raised its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 11.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,988 shares of the company’s stock worth $700,000 after buying an additional 408 shares in the last quarter. Stifel Financial Corp boosted its stake in First Trust NASDAQ 100 Technology Index Fund by 32.6% in the fourth quarter. Stifel Financial Corp now owns 71,342 shares of the company’s stock valued at $12,519,000 after buying an additional 17,558 shares in the last quarter. Finally, TFG Advisers LLC boosted its stake in First Trust NASDAQ 100 Technology Index Fund by 4.1% in the fourth quarter. TFG Advisers LLC now owns 8,529 shares of the company’s stock valued at $1,497,000 after buying an additional 339 shares in the last quarter.

First Trust NASDAQ 100 Technology Index Fund Company Profile

The First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is an exchange-traded fund that is based on the NASDAQ-100 Technology Sector index. The fund tracks an equal-weighted index of the largest Nasdaq-listed US technology stocks. QTEC was launched on Apr 19, 2006 and is managed by First Trust.