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

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 434,500 shares, a decrease 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 presently 3.7 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC acquired a new position in First Trust NASDAQ 100 Technology Index Fund during the 4th quarter worth about $35,000. Mather Group LLC. acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund in the first quarter worth approximately $36,000. IAG Wealth Partners LLC bought a new stake in First Trust NASDAQ 100 Technology Index Fund in the second quarter valued at approximately $36,000. Fifth Third Bancorp acquired a new stake in First Trust NASDAQ 100 Technology Index Fund during the 2nd quarter valued at approximately $48,000. Finally, Pineridge Advisors LLC bought a new position in First Trust NASDAQ 100 Technology Index Fund during the 4th quarter worth approximately $54,000.

First Trust NASDAQ 100 Technology Index Fund Stock Down 0.5 %

First Trust NASDAQ 100 Technology Index Fund stock traded down $0.91 during trading hours on Friday, hitting $192.04. The stock had a trading volume of 195,690 shares, compared to its average volume of 111,459. The business’s 50 day simple moving average is $185.25 and its 200-day simple moving average is $188.82. First Trust NASDAQ 100 Technology Index Fund has a one year low of $136.99 and a one year high of $206.52. The stock 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 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.