First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Short Interest Down 21.6% in February

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 281,500 shares, a decrease of 21.6% from the January 31st total of 359,000 shares. Based on an average daily volume of 140,500 shares, the short-interest ratio is presently 2.0 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. REAP Financial Group LLC raised its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 68.6% in the fourth quarter. REAP Financial Group LLC now owns 172 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. ABLE Financial Group LLC raised its stake in First Trust NASDAQ 100 Technology Index Fund by 34.0% in the 4th quarter. ABLE Financial Group LLC now owns 1,708 shares of the company’s stock valued at $322,000 after purchasing an additional 433 shares during the last quarter. United Advisor Group LLC lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 2.9% in the 4th quarter. United Advisor Group LLC now owns 2,220 shares of the company’s stock valued at $418,000 after purchasing an additional 63 shares in the last quarter. Three Cord True Wealth Management LLC purchased a new position in First Trust NASDAQ 100 Technology Index Fund in the 4th quarter valued at about $295,000. Finally, Richmond Investment Services LLC acquired a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 4th quarter worth about $224,000.

First Trust NASDAQ 100 Technology Index Fund Trading Down 3.4 %

Shares of QTEC stock traded down $6.35 during trading hours on Thursday, hitting $183.16. The company’s stock had a trading volume of 61,050 shares, compared to its average volume of 160,787. The business has a fifty day moving average of $196.72 and a 200-day moving average of $193.76. First Trust NASDAQ 100 Technology Index Fund has a twelve month low of $164.27 and a twelve month high of $211.25. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 32.35 and a beta of 1.17.

About First Trust NASDAQ 100 Technology 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.