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 significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 361,469 shares, a decrease of 18.6% from the December 15th total of 444,286 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 159,718 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 159,718 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.9% of the shares of the company are short sold.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Down 0.0%

Shares of First Trust NASDAQ-100 Technology Sector Index Fund stock traded down $0.06 on Monday, hitting $236.97. 126,918 shares of the company were exchanged, compared to its average volume of 195,593. First Trust NASDAQ-100 Technology Sector Index Fund has a 1-year low of $143.80 and a 1-year high of $244.32. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 35.79 and a beta of 1.27. The company has a 50-day moving average price of $232.50 and a 200 day moving average price of $226.03.

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

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 176.6% during the 1st quarter. Jane Street Group LLC now owns 28,691 shares of the company’s stock worth $4,980,000 after purchasing an additional 66,133 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth about $14,492,000. Maxele Advisors LLC acquired a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth about $6,866,000. Maridea Wealth Management LLC purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at about $5,702,000. Finally, Vestmark Advisory Solutions Inc. increased its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 79.6% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 54,738 shares of the company’s stock valued at $11,650,000 after acquiring an additional 24,264 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.