First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Stock Short Interest Report for October

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 345,224 shares, an increase of 86.1% from the September 30th total of 185,540 shares. Based on an average daily volume of 531,535 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Independent Financial Group LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 1st quarter worth about $1,920,000. HBW Advisory Services LLC boosted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 3.7% during the first quarter. HBW Advisory Services LLC now owns 5,687 shares of the company’s stock worth $1,228,000 after acquiring an additional 201 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 1.0% during the first quarter. Chicago Partners Investment Group LLC now owns 5,458 shares of the company’s stock worth $1,179,000 after acquiring an additional 54 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 27.7% during the first quarter. Diversify Wealth Management LLC now owns 2,452 shares of the company’s stock worth $530,000 after acquiring an additional 532 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 98.8% in the first quarter. Hsbc Holdings PLC now owns 39,471 shares of the company’s stock worth $8,488,000 after purchasing an additional 19,617 shares during the period.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 2.6%

Shares of First Trust NASDAQ-100 Technology Sector Index Fund stock opened at $285.34 on Tuesday. First Trust NASDAQ-100 Technology Sector Index Fund has a 1-year low of $205.57 and a 1-year high of $342.51. The business has a 50-day moving average price of $315.86 and a two-hundred day moving average price of $282.79. The company has a market cap of $4.22 billion, a P/E ratio of 35.79 and a beta of 1.43.

First Trust NASDAQ-100 Technology Sector Index Fund Company Profile

(Get Free Report)

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.

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