First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Sees Large Increase in Short Interest

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 224,100 shares, a growth of 19.8% from the March 31st total of 187,100 shares. Based on an average trading volume of 119,200 shares, the short-interest ratio is currently 1.9 days.

First Trust NASDAQ 100 Technology Index Fund Stock Performance

First Trust NASDAQ 100 Technology Index Fund stock opened at $180.06 on Wednesday. The company has a 50 day moving average price of $187.56 and a 200-day moving average price of $173.84. First Trust NASDAQ 100 Technology Index Fund has a fifty-two week low of $120.50 and a fifty-two week high of $196.30. The company has a market capitalization of $3.79 billion, a PE ratio of 34.23 and a beta of 1.17.

First Trust NASDAQ 100 Technology Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.0084 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Thursday, March 21st.

Hedge Funds Weigh In On First Trust NASDAQ 100 Technology Index Fund

A number of large investors have recently bought and sold shares of QTEC. NewSquare Capital LLC lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 113,725.2% during the third quarter. NewSquare Capital LLC now owns 117,240 shares of the company’s stock worth $17,031,000 after buying an additional 117,137 shares during the period. Nilsine Partners LLC lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 4.4% during the third quarter. Nilsine Partners LLC now owns 9,048 shares of the company’s stock worth $1,314,000 after buying an additional 382 shares during the period. Assetmark Inc. purchased a new stake in First Trust NASDAQ 100 Technology Index Fund during the third quarter worth $673,000. Park Avenue Securities LLC purchased a new stake in First Trust NASDAQ 100 Technology Index Fund during the third quarter worth $376,000. Finally, Whittier Trust Co. lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 20.6% during the third quarter. Whittier Trust Co. now owns 821 shares of the company’s stock worth $119,000 after buying an additional 140 shares during the period.

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.