Short Interest in First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Increases By 38.2%

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 462,909 shares, a growth of 38.2% from the January 29th total of 334,921 shares. Based on an average daily volume of 333,187 shares, the short-interest ratio is presently 1.4 days. Approximately 3.7% of the shares of the stock are sold short. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 333,187 shares, the short-interest ratio is presently 1.4 days.

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. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 4,503.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,212,773 shares of the company’s stock worth $509,402,000 after purchasing an additional 2,164,710 shares during the last quarter. LPL Financial LLC boosted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 4.4% in the fourth quarter. LPL Financial LLC now owns 632,066 shares of the company’s stock valued at $145,508,000 after acquiring an additional 26,878 shares during the period. Morgan Stanley grew its position in First Trust NASDAQ-100 Technology Sector Index Fund by 0.8% in the 4th quarter. Morgan Stanley now owns 621,138 shares of the company’s stock worth $142,992,000 after purchasing an additional 4,735 shares during the last quarter. UBS Group AG increased its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 5.1% during the fourth quarter. UBS Group AG now owns 272,008 shares of the company’s stock valued at $62,619,000 after acquiring an additional 13,285 shares during the period. Finally, Osaic Holdings Inc. increased its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 4.0% during the second quarter. Osaic Holdings Inc. now owns 188,598 shares of the company’s stock valued at $40,106,000 after purchasing an additional 7,220 shares during the period.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

QTEC stock traded down $0.44 during midday trading on Monday, hitting $224.52. The stock had a trading volume of 310,125 shares, compared to its average volume of 242,043. The firm has a market cap of $2.81 billion, a PE ratio of 35.79 and a beta of 1.27. First Trust NASDAQ-100 Technology Sector Index Fund has a 12-month low of $143.80 and a 12-month high of $247.98. The company’s 50-day moving average price is $233.08 and its 200 day moving average price is $229.43.

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.