Technology sector

Short-term interest in First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC) rises 370.8%

The First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC – Get Rating) saw a significant increase in short-term interest in August. As of August 15, there was short interest totaling 99,800 shares, an increase of 370.8% from the total of 21,200 shares as of July 31. Based on an average trading volume of 90,700 shares, the short-term interest rate ratio is currently 1.1 days.

Institutional investors weigh in on First Trust NASDAQ-100-Technology Sector Index Fund

Hedge funds and other institutional investors have recently changed their positions in the company. Comprehensive Financial Consultants Institutional Inc. bought a new position in First Trust NASDAQ-100-Technology Sector Index Fund during the fourth quarter for a value of approximately $28,000. SouthState Corp bought a new position in First Trust NASDAQ-100-Technology Sector Index Fund during the first quarter for a value of approximately $29,000. Gradient Investments LLC bought a new position in First Trust NASDAQ-100-Technology Sector Index Fund during the second quarter worth approximately $34,000. Intelligent Financial Strategies bought a new position in First Trust NASDAQ-100-Technology Sector Index Fund during the fourth quarter worth approximately $40,000. Finally, Wagner Wealth Management LLC increased its holdings in the First Trust NASDAQ-100-Technology Sector Index Fund by 453.5% during the fourth quarter. Wagner Wealth Management LLC now owns 238 shares of the company worth $42,000 after purchasing an additional 195 shares in the last quarter.

First Trust’s NASDAQ-100 technology sector index fund trades down 4.5%

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Shares of NASDAQ:QTEC traded at $5.86 in Friday’s midday session, hitting $123.49. 78,659 shares of the company were traded, against an average volume of 204,263. The stock has a 50-day moving average price of $124.22 and a 200-day moving average price of $132.88. The First Trust NASDAQ-100-Technology Sector Index Fund has a 12-month low of $110.00 and a 12-month high of $181.83.

First Trust’s NASDAQ-100 Technology Sector Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Monday, June 27 received a dividend of $0.024 per share. The ex-dividend date was Friday, June 24. This is an increase from the previous quarterly dividend of $0.01 from the First Trust NASDAQ-100-Technology Sector Index Fund. This represents an annualized dividend of $0.10 and a dividend yield of 0.08%.

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