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

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 435,700 shares, an increase of 54.8% from the February 13th total of 281,500 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 165,600 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QTEC. Valley Wealth Managers Inc. acquired a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the third quarter worth $30,000. Synergy Investment Management LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 4th quarter valued at about $31,000. REAP Financial Group LLC raised its stake in First Trust NASDAQ 100 Technology Index Fund by 68.6% during the fourth quarter. REAP Financial Group LLC now owns 172 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Tucker Asset Management LLC lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 37.0% in the fourth quarter. Tucker Asset Management LLC now owns 226 shares of the company’s stock worth $43,000 after acquiring an additional 61 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 3rd quarter worth approximately $91,000.

First Trust NASDAQ 100 Technology Index Fund Stock Up 1.8 %

Shares of QTEC stock traded up $3.28 during trading hours on Monday, hitting $183.65. 59,374 shares of the company were exchanged, compared to its average volume of 178,786. The firm has a fifty day moving average of $194.86 and a 200 day moving average of $193.17. First Trust NASDAQ 100 Technology Index Fund has a 1 year low of $164.27 and a 1 year high of $211.25. The firm has a market cap of $3.67 billion, a PE ratio of 30.18 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.