First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Short Interest Down 26.7% in September

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 434,500 shares, a decline of 26.7% from the August 31st total of 592,800 shares. Based on an average daily volume of 119,000 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QTEC. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 1.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 4,022 shares of the company’s stock valued at $794,000 after acquiring an additional 55 shares during the period. Sunbelt Securities Inc. raised its stake in First Trust NASDAQ 100 Technology Index Fund by 3.3% during the 1st quarter. Sunbelt Securities Inc. now owns 2,176 shares of the company’s stock valued at $415,000 after purchasing an additional 69 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 7.9% in the second quarter. Benjamin Edwards Inc. now owns 978 shares of the company’s stock valued at $193,000 after purchasing an additional 72 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 5.5% in the second quarter. Clear Creek Financial Management LLC now owns 1,673 shares of the company’s stock worth $330,000 after buying an additional 87 shares during the period. Finally, Kesler Norman & Wride LLC grew its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 1.5% during the first quarter. Kesler Norman & Wride LLC now owns 6,404 shares of the company’s stock valued at $1,221,000 after buying an additional 97 shares in the last quarter.

First Trust NASDAQ 100 Technology Index Fund Trading Down 0.5 %

QTEC stock traded down $0.91 on Friday, hitting $192.04. 195,690 shares of the company’s stock traded hands, compared to its average volume of 111,459. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a 1-year low of $136.99 and a 1-year high of $206.52. The stock has a fifty day moving average of $185.25 and a 200-day moving average of $188.82.

First Trust NASDAQ 100 Technology 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.