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

First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTECGet Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 21,000 shares, a growth of 65.4% from the April 30th total of 12,700 shares. Based on an average daily trading volume, of 339,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional investors and hedge funds have recently bought and sold shares of the company. Meitav Dash Investments Ltd. raised its position in First Trust NASDAQ-100-Technology Sector Index Fund by 109.6% in the 1st quarter. Meitav Dash Investments Ltd. now owns 843,184 shares of the company’s stock worth $128,074,000 after purchasing an additional 440,953 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in shares of First Trust NASDAQ-100-Technology Sector Index Fund in the 1st quarter valued at $34,398,000. CWM LLC acquired a new position in shares of First Trust NASDAQ-100-Technology Sector Index Fund in the 4th quarter valued at $19,647,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in shares of First Trust NASDAQ-100-Technology Sector Index Fund in the 1st quarter valued at $12,335,000. Finally, LPL Financial LLC grew its holdings in shares of First Trust NASDAQ-100-Technology Sector Index Fund by 12.4% in the 4th quarter. LPL Financial LLC now owns 584,687 shares of the company’s stock valued at $102,414,000 after buying an additional 64,403 shares during the period.

First Trust NASDAQ-100-Technology Sector Index Fund stock traded up $5.23 on Friday, hitting $130.71. The company’s stock had a trading volume of 80,238 shares, compared to its average volume of 274,419. The company has a fifty day moving average price of $136.15 and a 200-day moving average price of $152.62. First Trust NASDAQ-100-Technology Sector Index Fund has a one year low of $114.00 and a one year high of $181.83.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28th were issued a $0.011 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Friday, March 25th.

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