First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Short Interest Up 54.8% in February

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

Institutional Investors Weigh In On First Trust NASDAQ 100 Technology Index Fund

Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 0.4% in the third quarter. HighTower Advisors LLC now owns 13,996 shares of the company’s stock worth $2,676,000 after acquiring an additional 60 shares during the last quarter. Tucker Asset Management LLC boosted its position in shares of 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. United Advisor Group LLC boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 2.9% in the fourth quarter. United Advisor Group LLC now owns 2,220 shares of the company’s stock worth $418,000 after acquiring an additional 63 shares during the last quarter. REAP Financial Group LLC lifted its position 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 valued at $32,000 after buying an additional 70 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its position in First Trust NASDAQ 100 Technology Index Fund by 2.9% during the fourth quarter. Kovack Advisors Inc. now owns 2,661 shares of the company’s stock valued at $501,000 after buying an additional 74 shares in the last quarter.

First Trust NASDAQ 100 Technology Index Fund Stock Up 3.2 %

Shares of QTEC traded up $5.52 during mid-day trading on Friday, hitting $180.37. The company had a trading volume of 196,791 shares, compared to its average volume of 181,263. The business’s 50-day simple moving average is $195.11 and its 200-day simple moving average is $193.14. First Trust NASDAQ 100 Technology Index Fund has a 1-year low of $164.27 and a 1-year high of $211.25. The stock has a market cap of $3.61 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.