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

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 285,066 shares, a decrease of 62.6% from the May 31st total of 762,066 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 241,702 shares, the days-to-cover ratio is presently 1.2 days.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

QTEC opened at $316.18 on Friday. First Trust NASDAQ-100 Technology Sector Index Fund has a fifty-two week low of $205.57 and a fifty-two week high of $340.23. The company’s 50-day moving average is $298.18 and its 200 day moving average is $253.61. The firm has a market capitalization of $3.67 billion, a P/E ratio of 35.79 and a beta of 1.43.

First Trust NASDAQ-100 Technology Sector Index Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.0326 dividend. The ex-dividend date is Thursday, June 25th. This represents a $0.13 annualized dividend and a yield of 0.0%.

Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund

Large investors have recently bought and sold shares of the company. Modern Wealth Management LLC lifted its position 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 buying an additional 42 shares during the last quarter. Blackston Financial Advisory Group LLC raised its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 2.5% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 1,875 shares of the company’s stock valued at $432,000 after acquiring an additional 46 shares during the period. Aptus Capital Advisors LLC raised its stake 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 acquiring an additional 47 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 0.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,404 shares of the company’s stock valued at $1,290,000 after purchasing an additional 48 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 5.1% during the third quarter. GSA Capital Partners LLP now owns 1,122 shares of the company’s stock valued at $258,000 after purchasing an additional 54 shares during the last quarter.

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.