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

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 341,560 shares, an increase 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 sold short.

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

A number of large investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter worth approximately $27,000. Continuum Advisory LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 2nd quarter valued at $27,000. Logan Capital Management Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the third quarter valued at $27,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at $34,000. Finally, Evelyn Partners Investment Management LLP acquired a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter worth $40,000.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

QTEC traded down $1.63 during trading on Monday, reaching $314.50. The company had a trading volume of 29,997 shares, compared to its average volume of 246,488. The firm’s 50-day simple moving average is $313.52 and its 200 day simple moving average is $278.17. The company has a market cap of $4.80 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.

First Trust NASDAQ-100 Technology Sector Index Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0326 dividend. This represents a $0.13 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 25th.

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.