First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Short Interest Update

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 361,469 shares, a drop of 18.6% from the December 15th total of 444,286 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 159,718 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 159,718 shares, the short-interest ratio is presently 2.3 days. Approximately 2.9% of the shares of the stock are sold short.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 0.7%

Shares of NASDAQ:QTEC traded down $1.75 on Tuesday, hitting $235.22. The company had a trading volume of 73,375 shares, compared to its average volume of 185,105. The company has a market cap of $2.95 billion, a PE ratio of 35.79 and a beta of 1.27. First Trust NASDAQ-100 Technology Sector Index Fund has a 52-week low of $143.80 and a 52-week high of $244.32. The business has a 50 day moving average of $232.50 and a 200 day moving average of $226.18.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hughes Financial Services LLC lifted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 78.5% during the 2nd quarter. Hughes Financial Services LLC now owns 116 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the period. Logan Capital Management Inc. purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the third quarter worth about $27,000. Creative Capital Management Investments LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth about $32,000. Trust Co. of Vermont acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth about $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at about $36,000.

About First Trust NASDAQ-100 Technology Sector Index Fund

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.