First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Short Interest Update

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 662,000 shares, a drop of 15.8% from the April 30th total of 786,400 shares. Currently, 4.8% of the company's shares are short sold. Based on an average daily volume of 380,800 shares, the short-interest ratio is currently 1.7 days.

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

Hedge funds have recently bought and sold shares of the company. Apeiron RIA LLC grew its position in First Trust NASDAQ-100 Technology Sector Index Fund by 7.3% in the 1st quarter. Apeiron RIA LLC now owns 7,972 shares of the company's stock valued at $1,384,000 after acquiring an additional 545 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 14.9% during the first quarter. Geneos Wealth Management Inc. now owns 8,398 shares of the company's stock worth $1,458,000 after purchasing an additional 1,091 shares in the last quarter. Integrity Alliance LLC. purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the first quarter valued at approximately $372,000. Jane Street Group LLC grew its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 176.6% in the first quarter. Jane Street Group LLC now owns 28,691 shares of the company's stock valued at $4,980,000 after purchasing an additional 66,133 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 93,721 shares of the company's stock valued at $16,266,000 after purchasing an additional 20,426 shares in the last quarter.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 1.3%

NASDAQ QTEC traded up $2.59 on Friday, reaching $201.97. The stock had a trading volume of 114,812 shares, compared to its average volume of 289,643. The stock has a fifty day moving average price of $179.93 and a two-hundred day moving average price of $188.85. First Trust NASDAQ-100 Technology Sector Index Fund has a 12-month low of $143.80 and a 12-month high of $211.25. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 31.26 and a beta of 1.17.

First Trust NASDAQ-100 Technology Sector Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.0083 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.03 annualized dividend and a dividend yield of 0.02%.

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.