Technology sector

Short-term interest on First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC) drops 15.7%

The First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC – Get Rating) was the target of a sharp drop in short-term interest rates in May. As of May 31, there was short interest totaling 17,700 shares, down 15.7% from the May 15 total of 21,000 shares. Based on an average trading volume of 306,500 shares, the short-term interest rate ratio is currently 0.1 day.

Several institutional investors have recently changed their positions in the company. Northern Trust Corp increased its stake in shares of the First Trust NASDAQ-100-Technology Sector Index Fund by 3.1% in the fourth quarter. Northern Trust Corp now owns 2,733 shares of the company valued at $479,000 after buying 82 more shares in the last quarter. Commerce Bank increased its position in First Trust NASDAQ-100-Technology Sector Index Fund by 4.6% during the 4th quarter. Commerce Bank now owns 2,085 shares of the company valued at $365,000 after buying 91 additional shares during the period. Pacific Sun Financial Corp increased its position in First Trust NASDAQ-100-Technology Sector Index Fund by 2.0% during the 1st quarter. Pacific Sun Financial Corp now owns 6,172 shares of the company valued at $941,000 after purchasing an additional 122 shares during the period. Creative Financial Designs Inc. ADV increased its position in First Trust NASDAQ-100-Technology Sector Index Fund by 31.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 524 shares of the company valued at $80,000 after purchasing an additional 124 shares during the period. Finally, Private Advisory Group LLC increased its position in First Trust NASDAQ-100-Technology Sector Index Fund by 3.9% during the 4th quarter. Private Advisory Group LLC now owns 3,861 shares of the company valued at $676,000 after purchasing an additional 146 shares during the period.

First Trust NASDAQ-100-Technology Sector Index Fund stock opened at $110.94 on Friday. The company’s 50-day simple moving average is $128.61 and its 200-day simple moving average is $147.52. First Trust NASDAQ-100-Technology Sector Index Fund has a 1-year low of $110.00 and a 1-year high of $181.83.

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

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