Short Interest in First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Declines By 21.6%

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC - Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 281,500 shares, a decline of 21.6% from the January 31st total of 359,000 shares. Based on an average daily volume of 140,500 shares, the short-interest ratio is currently 2.0 days.

First Trust NASDAQ 100 Technology Index Fund Price Performance

Shares of First Trust NASDAQ 100 Technology Index Fund stock traded up $1.88 during trading hours on Friday, hitting $183.78. 117,314 shares of the company's stock traded hands, compared to its average volume of 165,416. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 32.35 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a 12-month low of $164.27 and a 12-month high of $211.25. The company has a fifty day simple moving average of $196.33 and a 200-day simple moving average of $193.64.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

A number of large investors have recently added to or reduced their stakes in the stock. Claro Advisors LLC grew its position in shares of First Trust NASDAQ 100 Technology Index Fund by 10.3% during the 3rd quarter. Claro Advisors LLC now owns 1,710 shares of the company's stock valued at $327,000 after acquiring an additional 159 shares during the period. Valley Wealth Managers Inc. bought a new position in First Trust NASDAQ 100 Technology Index Fund during the third quarter valued at $30,000. Sigma Planning Corp increased its position in First Trust NASDAQ 100 Technology Index Fund by 2.9% in the third quarter. Sigma Planning Corp now owns 3,097 shares of the company's stock worth $592,000 after buying an additional 87 shares during the last quarter. Atria Investments Inc raised its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 19.4% in the third quarter. Atria Investments Inc now owns 16,782 shares of the company's stock valued at $3,211,000 after buying an additional 2,727 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 18.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,134 shares of the company's stock valued at $600,000 after buying an additional 479 shares during the last quarter.

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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.