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) saw a large decrease in short interest in 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. Currently, 2.5% of the shares of the company are sold short. 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 Trading Down 2.1%

First Trust NASDAQ-100 Technology Sector Index Fund stock opened at $316.18 on Friday. First Trust NASDAQ-100 Technology Sector Index Fund has a 1-year low of $205.57 and a 1-year high of $340.23. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 35.79 and a beta of 1.43. The firm has a 50 day simple moving average of $298.18 and a 200 day simple moving average of $253.61.

First Trust NASDAQ-100 Technology Sector Index Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a $0.0326 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, June 25th.

Hedge Funds Weigh In On First Trust NASDAQ-100 Technology Sector Index Fund

Several hedge funds have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth about $27,000. Logan Capital Management Inc. bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the third quarter valued at approximately $27,000. O Shaughnessy Asset Management LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at approximately $34,000. Evelyn Partners Investment Management LLP purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter valued at approximately $40,000. Finally, Godfrey Financial Associates Inc. purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter valued at approximately $46,000.

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.