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 recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 285,066 shares, a drop of 62.6% from the May 31st total of 762,066 shares. Based on an average daily volume of 241,702 shares, the days-to-cover ratio is currently 1.2 days. Approximately 2.5% of the shares of the stock are sold short.

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

A number of hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter worth about $27,000. Logan Capital Management Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 3rd quarter valued at approximately $27,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth approximately $34,000. Evelyn Partners Investment Management LLP acquired a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth approximately $40,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter valued at approximately $46,000.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

First Trust NASDAQ-100 Technology Sector Index Fund stock traded up $4.90 during trading on Monday, reaching $321.08. 185,340 shares of the company were exchanged, compared to its average volume of 260,192. The stock’s 50 day simple moving average is $298.18 and its two-hundred day simple moving average is $253.72. The company has a market capitalization of $3.72 billion, a P/E ratio of 35.79 and a beta of 1.43. First Trust NASDAQ-100 Technology Sector Index Fund has a 52-week low of $205.57 and a 52-week high of $340.23.

First Trust NASDAQ-100 Technology Sector Index Fund Announces Dividend

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 dividend of $0.0326 per share. This represents a $0.13 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, June 25th.

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.