First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 27,100 shares, a decrease of 91.4% from the June 15th total of 314,200 shares. Based on an average daily volume of 94,300 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of First Trust NASDAQ 100 Technology Index Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in QTEC. Y.D. More Investments Ltd purchased a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 4th quarter worth approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 1st quarter worth approximately $43,000. OLD Mission Capital LLC purchased a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 4th quarter worth approximately $47,000. Ameritas Advisory Services LLC purchased a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 1st quarter worth approximately $84,000. Finally, Money Concepts Capital Corp raised its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 166.3% during the 4th quarter. Money Concepts Capital Corp now owns 815 shares of the company’s stock worth $86,000 after buying an additional 509 shares in the last quarter.
First Trust NASDAQ 100 Technology Index Fund Trading Down 0.5 %
Shares of NASDAQ QTEC traded down $0.75 during trading hours on Friday, reaching $151.69. The stock had a trading volume of 74,935 shares, compared to its average volume of 91,781. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 21.06 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a fifty-two week low of $95.22 and a fifty-two week high of $153.66. The firm has a 50-day moving average of $141.15 and a 200-day moving average of $130.23.
First Trust NASDAQ 100 Technology Index Fund Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were paid a dividend of $0.0592 per share. This represents a $0.24 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, June 27th.
About First Trust NASDAQ 100 Technology Index Fund
(Get Free Report)
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.
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