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

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTECGet Free Report) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 243,400 shares, a decline of 28.5% from the December 31st total of 340,400 shares. Based on an average daily trading volume, of 133,900 shares, the days-to-cover ratio is presently 1.8 days.

First Trust NASDAQ 100 Technology Index Fund Price Performance

NASDAQ QTEC opened at $198.12 on Friday. The business has a fifty day moving average price of $195.70 and a two-hundred day moving average price of $191.44. First Trust NASDAQ 100 Technology Index Fund has a fifty-two week low of $164.27 and a fifty-two week high of $206.52. The stock has a market capitalization of $3.95 billion, a PE ratio of 35.60 and a beta of 1.17.

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

Hedge funds have recently modified their holdings of the business. Claro Advisors LLC increased its position in shares of First Trust NASDAQ 100 Technology Index Fund by 267.4% during the third quarter. Claro Advisors LLC now owns 5,698 shares of the company’s stock worth $1,090,000 after buying an additional 4,147 shares during the period. Secure Asset Management LLC increased its stake in First Trust NASDAQ 100 Technology Index Fund by 28.0% in the third quarter. Secure Asset Management LLC now owns 7,537 shares of the company’s stock valued at $1,442,000 after purchasing an additional 1,647 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the second quarter valued at about $375,000. SPC Financial Inc. boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 4.2% during the 3rd quarter. SPC Financial Inc. now owns 27,259 shares of the company’s stock worth $5,215,000 after purchasing an additional 1,109 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in First Trust NASDAQ 100 Technology Index Fund in the 3rd quarter valued at about $39,000.

First Trust NASDAQ 100 Technology Index Fund Company Profile

(Get Free Report)

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.

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