First Trust NASDAQ 100 Technology Index Fund (QTEC) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust NASDAQ 100 Technology Index Fund shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 480,000 shares of QTEC short. Learn More on First Trust NASDAQ 100 Technology Index Fund's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. QTEC shares currently have a short interest ratio of 4.0. Learn More on First Trust NASDAQ 100 Technology Index Fund's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of First Trust NASDAQ 100 Technology Index Fund: Jane Street Group LLC, Belvedere Trading LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

First Trust NASDAQ 100 Technology Index Fund saw a increase in short interest in October. As of October 31st, there was short interest totaling 480,000 shares, an increase of 1.0% from the previous total of 475,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust NASDAQ 100 Technology Index Fund: First Trust Cloud Computing ETF (0.74%), First Trust NASDAQ Technology Dividend Index Fund (0.19%), First Trust Nasdaq Semiconductor ETF (0.04%), JPMorgan U.S. Tech Leaders ETF (0.29%), Invesco PHLX Semiconductor ETF (1.44%), Invesco Dorsey Wright Technology Momentum ETF (0.11%), Invesco S&P SmallCap Information Technology ETF (2.36%), Xtrackers Semiconductor Select Equity ETF (0.05%), Themes Cloud Computing ETF (0.20%), iShares Semiconductor ETF (11.83%), and

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling QTEC is an investing strategy that aims to generate trading profit from First Trust NASDAQ 100 Technology Index Fund as its price is falling. QTEC shares are trading down $6.17 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust NASDAQ 100 Technology Index Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of QTEC, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including QTEC, twice per month. The most recent reporting period available is October, 31 2024.