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

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC - Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,300 shares, a decline of 98.6% from the March 15th total of 160,500 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

A number of hedge funds have recently bought and sold shares of QTEC. International Assets Investment Management LLC bought a new stake in First Trust NASDAQ 100 Technology Index Fund during the fourth quarter worth $368,099,000. Morgan Stanley lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 30.8% during the third quarter. Morgan Stanley now owns 756,089 shares of the company's stock worth $109,837,000 after acquiring an additional 177,830 shares during the period. Meitav Investment House Ltd. raised its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 25.6% in the third quarter. Meitav Investment House Ltd. now owns 767,653 shares of the company's stock valued at $111,760,000 after buying an additional 156,678 shares during the period. JPMorgan Chase & Co. raised its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 228.3% in the first quarter. JPMorgan Chase & Co. now owns 190,935 shares of the company's stock valued at $24,919,000 after buying an additional 132,774 shares during the period. Finally, NewSquare Capital LLC raised its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 113,725.2% in the third quarter. NewSquare Capital LLC now owns 117,240 shares of the company's stock valued at $17,031,000 after buying an additional 117,137 shares during the period.

First Trust NASDAQ 100 Technology Index Fund Trading Down 1.6 %

Shares of NASDAQ:QTEC traded down $2.99 during mid-day trading on Wednesday, hitting $187.47. 112,135 shares of the company traded hands, compared to its average volume of 120,474. The stock has a 50-day moving average price of $188.82 and a two-hundred day moving average price of $170.43. The stock has a market cap of $3.94 billion, a P/E ratio of 21.06 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a 12-month low of $118.86 and a 12-month high of $196.30.

First Trust NASDAQ 100 Technology Index Fund Cuts Dividend

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

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.

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