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 recipient of a significant growth in short interest in 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. Based on an average daily volume of 165,600 shares, the short-interest ratio is presently 2.6 days. Approximately 2.2% of the shares of the stock are sold short.

First Trust NASDAQ 100 Technology Index Fund Stock Performance

QTEC traded up $3.28 on Monday, hitting $183.65. 59,374 shares of the company were exchanged, compared to its average volume of 178,786. The business’s fifty day moving average is $194.86 and its 200 day moving average is $193.17. The firm has a market capitalization of $3.67 billion, a P/E ratio of 30.18 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a fifty-two week low of $164.27 and a fifty-two week high of $211.25.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

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

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.