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

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 462,909 shares, an increase of 38.2% from the January 29th total of 334,921 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 333,187 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 333,187 shares, the short-interest ratio is currently 1.4 days. Currently, 3.7% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Hughes Financial Services LLC grew its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 78.5% in the second quarter. Hughes Financial Services LLC now owns 116 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth $27,000. Logan Capital Management Inc. acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the third quarter valued at about $27,000. O Shaughnessy Asset Management LLC bought a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter worth about $34,000. Finally, Evelyn Partners Investment Management LLP acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter worth about $40,000.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Down 0.2%

NASDAQ:QTEC traded down $0.44 during trading hours on Monday, hitting $224.52. 310,125 shares of the stock were exchanged, compared to its average volume of 242,043. The company’s 50 day moving average is $233.08 and its two-hundred day moving average is $229.43. The company has a market capitalization of $2.81 billion, a P/E ratio of 35.79 and a beta of 1.27. First Trust NASDAQ-100 Technology Sector Index Fund has a twelve month low of $143.80 and a twelve month high of $247.98.

About First Trust NASDAQ-100 Technology Sector Index Fund

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.