Technology sector

First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC) Short Interest Up 65.4% in May

The First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC – Get Rating) was the target of strong short-term interest growth during the month of May. As of May 15, there were short interests totaling 21,000 shares, a growth of 65.4% from the total of 12,700 shares as of April 30. Based on an average trading volume of 339,900 shares, the day-to-cover ratio is currently 0.1 day.

A number of institutional investors and hedge funds have recently changed their stock holdings. Kestra Private Wealth Services LLC increased its stake in First Trust NASDAQ-100-Technology Sector Index Fund by 11.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 31,541 shares of the company worth $4,810,000 after purchasing an additional 3,262 shares in the last quarter. Delos Wealth Advisors LLC increased its stake in First Trust NASDAQ-100-Technology Sector Index Fund by 33.6% during the 1st quarter. Delos Wealth Advisors LLC now owns 14,140 shares of the company worth $2,156,000 after purchasing 3,557 additional shares in the last quarter. First Republic Investment Management Inc. increased its stake in First Trust NASDAQ-100-Technology Sector Index Fund by 3.0% during the 1st quarter. First Republic Investment Management Inc. now owns 9,511 shares of the company worth $1,450,000 after buying 277 additional shares in the last quarter. Goldman Sachs Group Inc. bought a new position in First Trust NASDAQ-100-Technology Sector Index Fund during Q1 for a value of $4,042,000. Finally, SFI Advisors LLC increased its stake in First Trust NASDAQ-100-Technology Sector Index Fund by 0.8% during the 1st quarter. SFI Advisors LLC now owns 37,483 shares of the company worth $5,715,000 after purchasing an additional 289 shares in the last quarter.

Shares of NASDAQ QTEC traded at $5.23 during Friday’s trading, hitting $130.71. The stock recorded trading volume of 80,238 shares, compared to an average trading volume of 274,419 shares. The company’s 50-day moving average price is $136.15 and its two-hundred-day moving average price is $152.62. The First Trust NASDAQ-100-Technology Sector Index Fund has a 1-year low of $114.00 and a 1-year high of $181.83.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Monday, March 28 received a dividend of $0.011 per share. The ex-dividend date was Friday, March 25. This represents a dividend of $0.04 on an annualized basis and a yield of 0.03%.

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