First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sees Significant Growth in Short Interest

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 341,560 shares, a growth of 64.9% from the July 30th total of 207,119 shares. Based on an average daily volume of 208,145 shares, the short-interest ratio is presently 1.6 days. Approximately 2.2% of the company’s shares are short sold.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

First Trust NASDAQ-100 Technology Sector Index Fund stock opened at $308.02 on Wednesday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 35.79 and a beta of 1.43. First Trust NASDAQ-100 Technology Sector Index Fund has a 12 month low of $205.57 and a 12 month high of $340.23. The stock’s 50-day moving average is $312.89 and its 200-day moving average is $279.34.

First Trust NASDAQ-100 Technology Sector Index Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0326 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several large investors have recently made changes to their positions in the business. Modern Wealth Management LLC lifted its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 1.7% during the 1st quarter. Modern Wealth Management LLC now owns 2,443 shares of the company’s stock valued at $535,000 after acquiring an additional 42 shares in the last quarter. Blackston Financial Advisory Group LLC boosted its position in First Trust NASDAQ-100 Technology Sector Index Fund by 2.5% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 1,875 shares of the company’s stock worth $432,000 after purchasing an additional 46 shares during the period. Aptus Capital Advisors LLC increased its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 3.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,418 shares of the company’s stock valued at $326,000 after purchasing an additional 47 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 1.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 5,458 shares of the company’s stock valued at $1,179,000 after purchasing an additional 54 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in First Trust NASDAQ-100 Technology Sector Index Fund by 4.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,441 shares of the company’s stock valued at $332,000 after purchasing an additional 57 shares during the period.

First Trust NASDAQ-100 Technology Sector 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.