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 January. As of January 31st, there was short interest totalling 359,000 shares, an increase of 47.5% from the January 15th total of 243,400 shares. Based on an average daily volume of 137,700 shares, the short-interest ratio is currently 2.6 days.

First Trust NASDAQ 100 Technology Index Fund Trading Up 0.5 %

Shares of QTEC opened at $207.80 on Friday. The firm has a market cap of $4.16 billion, a PE ratio of 35.60 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a 12 month low of $164.27 and a 12 month high of $208.11. The stock has a fifty day moving average price of $196.45 and a 200-day moving average price of $192.15.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Topsail Wealth Management LLC acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the fourth quarter valued at about $210,000. Integrated Wealth Concepts LLC increased its stake in First Trust NASDAQ 100 Technology Index Fund by 6.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 82,984 shares of the company’s stock valued at $15,624,000 after purchasing an additional 4,666 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 50.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 24,144 shares of the company’s stock worth $4,598,000 after buying an additional 8,081 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 4.2% during the fourth quarter. MML Investors Services LLC now owns 24,511 shares of the company’s stock worth $4,615,000 after buying an additional 988 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 2.1% during the fourth quarter. First Trust Advisors LP now owns 4,296,257 shares of the company’s stock valued at $808,899,000 after buying an additional 90,302 shares during the last quarter.

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.