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

Key Points

• QTEC short interest surged 86.1% to 345,224 shares as of October 15, representing about 2.4% of shares outstanding. Its days-to-cover ratio remained low at 0.6 days.
• QTEC opened at $292.87, with a market capitalization of $4.32 billion, a P/E ratio of 35.79, and a 12-month trading range of $205.57 to $342.51.
• Institutional activity was generally positive, with several firms initiating or expanding positions; International Assets Investment Management increased its stake by 313.3%, while Signature Equity Partners boosted holdings by 2,178.3%.

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - ) saw a significant increase in short interest in 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. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 531,535 shares, the days-to-cover ratio is presently 0.6 days.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

NASDAQ QTEC opened at $292.87 on Friday. The company has a 50-day moving average of $316.43 and a 200-day moving average of $282.56. The company has a market cap of $4.32 billion, a P/E ratio of 35.79 and a beta of 1.43. First Trust NASDAQ-100 Technology Sector Index Fund has a 12 month low of $205.57 and a 12 month high of $342.51.

Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund

Several hedge funds have recently made changes to their positions in QTEC. Integrity Alliance LLC. bought a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth about $279,000. Signature Equity Partners LLC increased its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 2,178.3% in the third quarter. Signature Equity Partners LLC now owns 1,891 shares of the company's stock worth $624,000 after acquiring an additional 1,808 shares in the last quarter. MGO One Seven LLC increased its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 5.2% during the third quarter. MGO One Seven LLC now owns 3,030 shares of the company's stock worth $999,000 after acquiring an additional 150 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 313.3% during the 3rd quarter. International Assets Investment Management LLC now owns 28,171 shares of the company's stock worth $9,289,000 after acquiring an additional 21,355 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth about $3,858,000.

About First Trust NASDAQ-100 Technology Sector 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.

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