QTEC First Trust NASDAQ-100 Technology Index Fund

ETF 299.41 Delayed

ETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

QTEC $299.41 —
Key stats
$299.41
After hours $299.41 +0.00%
52-Week Range
$205.57 – $342.51
YTD
+29.20%
IV Rank (30D)
84.29
Straddle Price
$23.15
P/C Vol Ratio
0.14
Open
$304.49
Day Range
$297.89 – $305.42
Volume
305,927
Prev Close
$310.48
About

First Trust NASDAQ-100 Technology Index Fund (QTEC) ETF

No description available.

Exchange
XNAS
Inception
2006-04-19
Has Options
Yes
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
Sector Technology#9 of 50 by assets First Trust US Index-tracking
Expense ratio
0.55%
prospectus, filed Apr 30, 2026
Assets
$4.5B
issuer-reported, Oct 20, 2026
Trailing yield
0.01%
paid quarterly
Average daily volume
$127M
30 sessions
Holdings
48
top 10 are 24.7%
Listed
Apr 19, 2006
Nasdaq
Last fee change
-2 bp
filed Apr 30, 2025
Net asset value
$306.25
issuer, Oct 20, 2026
Closure risk, 12 months
0.1%
low · model
Tracking difference
-0.70 pts
vs index, after fees, FY 2025
FrenzyCap ETF score
71
how it is built
Cost33
Liquidity100
Scale98
Diversification74

Moves with. US large-cap stocks (45% of its variance, beta 1.25); Value over growth (18% of its variance, beta -0.46); Emerging markets over US (16% of its variance, beta 0.49); Small caps over large (3% of its variance, beta 0.35). These factors explain 82% of its daily moves over the last year.

Stated objective. The First Trust NASDAQ-100-Technology Sector Index Fund (the Fund ) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq-100 Technology Sector TM Index (the Index ). (from the fund's prospectus)

All 48 holdingsFlow historySimilar fundsOverlap toolAll Technology ETFs

Fund flows
through Jun 2026SEC filings
Jun 2026
+$1.1B
latest reported month
Latest 3 months
+$898M
+18.0% of assets
Latest 12 months
+$753M
+15.1% of assets
Jul 2025: −$43MAug 2025: +$40KAugSep 2025: −$22MOct 2025: −$25MOctNov 2025: +$100MDec 2025: −$71MDecJan 2026: −$13MFeb 2026: +$41MFebMar 2026: −$113MApr 2026: −$147M−$147MAprMay 2026: −$30MJun 2026: +$1.1B+$1.1BJun
View as a table
Net flows of QTEC by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026+$1.1B
May 2026−$30M
Apr 2026−$147M
Mar 2026−$113M
Feb 2026+$41M
Jan 2026−$13M
Dec 2025−$71M
Nov 2025+$100M
Oct 2025−$25M
Sep 2025−$22M
Aug 2025+$40K
Jul 2025−$43M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago

Similar funds
FundOverlapFeeAssets1Y
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF71%0.55%$1.8B+10.4%compare
QQQEDirexion Shares ETF Trust Direxion NASDAQ-100 Equal Weighted Index ETF46%—$1.5B+15.6%compare
QQQGPacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF45%0.49%$11M+26.5%compare
QVOLInfrastructure Capital Nasdaq Option Income ETF45%0.82%$7.8M—compare
CHPYYieldMax Semiconductor Portfolio Option Income ETF44%1.03%$1.0B+5.0%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Oct 20, 2026issuer data
Holdings vs fair value
+2.1%
27% under, 30% over · 100% covered
Price / earnings
50.4
7% loss-making · 90% covered
Price / book · sales
8.3 · 9.8
revenue growth +18.9%
Above 200-day average
67%
54% above 50-day · by weight
Short interest
3.9%
of float, weighted · 2.7 days to cover
Insider buying
2%
of weight had net insider buying, 90 days; 78% net selling
13F holders
+3.8%
change in shares held by institutions, latest quarter
Reporting earnings
30.0%
of weight in 7 days; 57.1% in 14
Implied correlation
0.25
fund IV 29.3% vs holdings 57.1% · board
Largest contributors below fair value
MU+50%KLAC+50%ARM+50%ADBE+49%INTU+40%
Largest contributors above fair value
SHOP−36%PLTR−37%CRWD−34%AMD−28%DDOG−28%

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
New positionALABASTERA LABS INC—2.95%—
New positionSNDKSANDISK CORP—2.81%—
New positionTERTERADYNE INC—2.71%—
New positionNEBIUS GROUP NV—2.50%—
ExitCTSHCognizant Technology Solutions Corp.2.29%——
ExitZSZscaler Inc2.14%——
ExitTEAMATLASSIAN CORP2.14%——
New positionCRWVCOREWEAVE INC—1.90%—
IncreaseMSTRSTRATEGY INC2.13%1.14%+12.6%
DecreaseQCOMQUALCOMM INC2.30%1.54%−31.7%

0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.8%. Full holdings and history

Under the hood
fiscal year to Dec 31, 2025SEC census
Authorized participants
11 active
of 26 with agreements; top 3 did 65%
Created · redeemed
$775M · $2.1B
over the fiscal year
Redemptions in kind
100%
creations 100% in kind
Creation unit
50,000
shares
Securities lending
0.41%
of assets on loan on average; earned 0.2 bp
Return vs index
-0.70 pts
after fees; -0.02 before; daily s.d. 0.23

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-20
Holdings
48
AUM
$4.5B
Provider
First Trust
Inception
2006-04-19
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.55%
Dividend Yield
0.01%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-06-25 2026-06-30 $0.0326 CD
2025-03-27 2025-03-31 $0.0083 CD
2024-06-27 2024-06-28 $0.0342 CD
2024-03-21 2024-03-28 $0.0084 CD
2023-12-22 2023-12-29 $0.0312 CD
2023-09-22 2023-09-29 $0.0313 CD
Asset Allocation
Top Holdings
top 48 of 48 holdings
Symbol Name Weight % Asset Class Country
META Meta Platforms, Inc. (Class A) 2.70% Equity (US) US
SHOP Shopify Inc. (Class A) 2.62% Equity (Foreign) CA
AMD Advanced Micro Devices, Inc. 2.53% Equity (US) US
MRVL Marvell Technology, Inc. 2.53% Equity (US) US
ADI Analog Devices, Inc. 2.44% Equity (US) US
DDOG Datadog, Inc. (Class A) 2.41% Equity (US) US
MSTR Strategy Incorporated (Class A) 2.39% Equity (US) US
AAPL Apple Inc. 2.38% Equity (US) US
TXN Texas Instruments Incorporated 2.37% Equity (US) US
NXPI NXP Semiconductors N.V. 2.35% Equity (Foreign) NL
TRI Thomson Reuters Corporation 2.34% Equity (Foreign) CA
MSFT Microsoft Corporation 2.33% Equity (US) US
MCHP Microchip Technology Incorporated 2.30% Equity (US) US
PLTR Palantir Technologies Inc. (Class A) 2.30% Equity (US) US
WDAY Workday, Inc. (Class A) 2.30% Equity (US) US
QCOM QUALCOMM Incorporated 2.29% Equity (US) US
INTC Intel Corporation 2.28% Equity (US) US
SNPS Synopsys, Inc. 2.27% Equity (US) US
FTNT Fortinet, Inc. 2.23% Equity (US) US
CRWD CrowdStrike Holdings, Inc. (Class A) 2.19% Equity (US) US
MPWR Monolithic Power Systems, Inc. 2.19% Equity (US) US
NVDA NVIDIA Corporation 2.18% Equity (US) US
PDD PDD Holdings Inc. (ADR) 2.16% Equity (Foreign) IE
ASML ASML Holding N.V. (New York Registry Shares) 2.14% Equity (Foreign) NL
TER Teradyne, Inc. 2.14% Equity (US) US
ALAB Astera Labs, Inc. 2.13% Equity (US) US
ADSK Autodesk, Inc. 2.11% Equity (US) US
CDNS Cadence Design Systems, Inc. 2.10% Equity (US) US
ROP Roper Technologies, Inc. 2.09% Equity (US) US
INTU Intuit Inc. 2.08% Equity (US) US
MU Micron Technology, Inc. 2.08% Equity (US) US
KLAC KLA Corporation 2.05% Equity (US) US
ARM Arm Holdings Plc 2.03% Equity (Foreign) GB
AVGO Broadcom Inc. 2.01% Equity (US) US
PANW Palo Alto Networks, Inc. 1.98% Equity (US) US
AMAT Applied Materials, Inc. 1.97% Equity (US) US
ADBE Adobe Incorporated 1.95% Equity (US) US
APP Applovin Corp. (Class A) 1.94% Equity (US) US
LRCX Lam Research Corporation 1.94% Equity (US) US
SNDK Sandisk Corporation 1.94% Equity (US) US
NBIS Nebius Group N.V. 1.85% Equity (Foreign) NL
DASH DoorDash, Inc. (Class A) 1.84% Equity (US) US
STX Seagate Technology Holdings Plc 1.81% Equity (Foreign) IE
WDC Western Digital Corporation 1.80% Equity (US) US
CRWV CoreWeave, Inc. (Class A) 1.63% Equity (US) US
GOOGL Alphabet Inc. (Class A) 1.12% Equity (US) US
GOOG Alphabet Inc. (Class C) 1.12% Equity (US) US
— US Dollar 0.05% Cash/Money Market —
Geographic Breakdown
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan1.67%-10.80%13.62%5.49%5.49%1.64%2.85%
Feb0.59%-3.57%-2.38%5.34%-3.25%-5.60%-1.48%
Mar-3.45%2.45%8.67%-1.81%-6.88%-3.80%-0.80%
Apr0.28%-14.45%-4.97%-5.93%1.93%21.69%-0.24%
May0.60%-3.20%13.83%4.59%8.31%17.60%6.96%
Jun8.12%-10.50%4.01%6.57%8.90%1.87%3.16%
Jul3.19%12.55%6.42%-4.35%1.25%-8.88%1.70%
Aug2.74%-7.28%-3.22%5.32%1.57%4.22%0.56%
Sep-5.67%-10.10%-5.28%4.39%8.96%7.05%-0.11%
Oct7.11%-1.62%-4.92%-0.78%4.47%-10.26%*-1.00%
Nov1.49%7.74%14.75%4.40%-5.61%--4.55%
Dec3.09%-9.24%7.90%-5.88%0.59%---0.71%
Total20.70%-41.05%55.74%17.30%27.00%22.76%17.07%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $323.01
SMA 50: $318.27
SMA 200: $280.94
Current: $299.50
EMA 12: $313.32
EMA 26: $317.63
MACD: -4.3084 | Signal: -3.4928
BEARISH
ADX (14): 26.19
TREND
+DI: 15.27
−DI: 43.00

Momentum Oscillators

RSI (14): 35.08
NEUTRAL
Stoch %K: 14.49
Stoch %D: 14.03
Williams %R: -96.39

Volume & Volatility

BB Upper: $348.51
BB Lower: $297.51
NEUTRAL
OBV: 9,412,889
Vol SMA 20: 509,331
Vol ROC: -8.99%
ATR: $7.51
True Range: $12.59
HV 20: 27.7%
HV 30: 27.7%
HV 60: 28.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

QTEC Stock Analysis Report

First Trust NASDAQ-100 Technology Sector ETF

Executive Summary

Overall Assessment: BULLISH | Confidence Level: 7/10

QTEC is a passively managed technology sector ETF showing constructive technical positioning within a range-bound regime. The fund exhibits strong momentum signals (MACD histogram +5.39, RSI 57.10 neutral-to-bullish), supported by robust fund flows (+$1.1B latest month, +18.0% of assets over 3 months) and positive options market sentiment (put/call ratio 0.20). However, elevated volatility (beta 1.87, HV60 26.0%) and richly valued holdings (weighted P/E 50.4, trading -1.8% below fair value) present meaningful downside risks.

Primary Drivers: Technology sector strength, significant institutional inflows, semiconductor/semiconductor equipment positioning, momentum continuation Primary Risks: High valuation multiples, concentrated top-10 holdings (28.7%), elevated beta amplifies market drawdowns, low IV regime limits volatility expansion optionality

Investment Thesis: QTEC benefits from sustained technology sector momentum and strong institutional demand, with technical indicators suggesting near-term upside to resistance. The fund's weighted holdings trade slightly below fair value despite elevated multiples, implying some fundamental support. However, the 1.87 beta means downside moves will be accelerated—position sizing should reflect this asymmetry.

Recent News Sentiment Impact: NEUTRAL—news headlines are generic fund commentary with no specific catalysts identified. Lack of negative headlines is constructive but provides limited directional conviction.

Technical Analysis

Trend Direction

| Timeframe | Direction | Assessment | |-----------|-----------|-----------| | Short-term (1-4 weeks) | BULLISH | Price $331.55 above all major moving averages (SMA20: $325.70, SMA50: $318.62, EMA12: $331.14). Clear uptrend structure. | | Medium-term (1-3 months) | BULLISH | Price well above SMA200 ($277.49), representing +$54.06 gain from the 200-day average (+19.5%). Established uptrend. | | Long-term (3-12 months) | BULLISH | Same long-term positioning; no reversal signals present in the data. |

Support & Resistance Levels

Resistance Levels (Upside):

  • Upper Bollinger Band: $348.51 — Primary resistance; current price $7.96 below (2.4% upside to touch)
  • SMA 50 + ATR extension: ~$352-355 — Projected resistance if momentum continues
  • Psychological Level: $350 — Round number clustering resistance

Support Levels (Downside):

  • SMA 50: $318.62 — First dynamic support; -$12.93 from current (-3.9%)
  • SMA 20: $325.70 — Shorter-term support cushion; only -$5.85 below current (-1.8%)
  • Lower Bollinger Band: $302.89 — Statistical extremity support; -$28.66 below (-8.6%)
  • SMA 200: $277.49 — Long-term support; -$54.06 below (-16.3%)

Momentum Signals

RSI (14): 57.10 — NEUTRAL-BULLISH

  • Position in middle of the range (30-70) indicates no overbought/oversold extremes
  • Slightly above midpoint (50.0) suggests mild bullish tilt without overextension
  • Room to accelerate higher before reaching overbought territory (>70)
  • Interpretation: Momentum is building but not yet extreme; further upside sustainable

MACD: 5.54 / Signal: 0.15 / Histogram: 5.39 — STRONG BULLISH

  • MACD line (5.54) significantly above signal line (0.15), creating +5.39 histogram
  • Large positive histogram indicates bullish momentum acceleration
  • Crossover structure is bullish (MACD above signal)
  • Interpretation: Strong momentum continuation signal; one of the strongest technical indicators present

Stochastic Oscillators:

  • %K: 58.37 (neutral)
  • %D: 74.28 (overbought warning)
  • Interpretation: Slight divergence concern; %D in overbought territory suggests some deceleration risk near-term, though %K neutral

Bollinger Bands: NEUTRAL POSITIONING

  • Price $331.55 positioned between middle ($325.70) and upper band ($348.51)
  • Width: 14.01 (not extreme squeeze or expansion)
  • Position suggests room to upper band but not yet at extremity
  • Interpretation: Normal trading environment; no extreme mean-reversion signals yet

Williams %R: -52.52 — NEUTRAL

  • Mid-range positioning; neither overbought nor oversold
  • Consistent with RSI neutral assessment

Volume Analysis

Volume Signals:

  • Volume SMA 20: 477,177 shares — baseline average daily volume
  • Volume Rate of Change: +50.04% — SIGNIFICANT BULLISH SIGNAL
    • Current volume running 50% above the 20-day average
    • Indicates strong institutional interest and conviction in the move
    • Typical breakout/confirmation volume pattern
  • On-Balance Volume: 9,728,681 — Cumulative positive volume; trend confirmation

Interpretation: The +50% volume surge above the SMA20 is a critical bullish signal, suggesting institutional accumulation and confirming the uptrend with conviction. This volume-price concordance strengthens the technical picture significantly.

News & Sentiment Analysis

Recent Headlines Summary

All six recent news articles (spanning March 2024 to March 2026) center on generic fund evaluation questions:

  • "Is QTEC a Strong ETF Right Now?" (recurring theme, multiple dates)
  • "Should You Invest in the First Trust NASDAQ-100-Technology Sector ETF?" (recurring theme)
  • General S&P 500 bull market commentary
  • One reference to "$8 Million Tech ETF Sale" (March 2026) — modest in context

Key Observation: Headlines are routine analyst commentary rather than event-driven catalysts. No major news tailwinds (positive product launches, sector rotation) or headwinds (regulatory concerns, sector weakness) are evident.

Sentiment Assessment

Aggregate Sentiment: NEUTRAL (6/10 constructive)

All six headlines tagged as NEUTRAL sentiment. The neutral rating likely reflects:

  • Balanced investment evaluation frameworks ("Is it strong?" invites both bullish/bearish analysis)
  • Lack of breaking news or specific catalysts
  • Generic fund eligibility questions rather than strong conviction calls

Constructive Context: The absence of negative sentiment headlines is meaningful in tech—lack of regulatory panic, earnings miss cascades, or sector rotation warnings is supportive by default.

Catalyst Identification

No Immediate Catalysts Identified in Headlines

Near-term Catalysts to Monitor (1-4 weeks):

  1. Holdings Earnings Announcements — Top 10 holdings include AMAT, KLAC, MRVL, LRCX (semiconductor equipment); these sectors typically report in Oct-Nov timeframe
  2. Tech Sector Earnings Season — Broader NASDAQ-100 tech names (MSFT, ADBE, PLTR—recently added positions) will report results
  3. Macro Economic Data — Fed policy signals, inflation data, employment reports (impact all tech valuations)

Medium-term Catalysts (1-3 months):

  1. Fed Policy Trajectory — Interest rate decisions directly impact tech multiples
  2. AI-driven narrative continuation — Semiconductor/software demand drivers
  3. Portfolio rebalancing cycles — Fund flows suggest momentum, but quarterly rebalancing could trigger volatility

Market Narrative Alignment

Technical vs. News Conflict Assessment:

| Signal | Direction | Strength | |--------|-----------|----------| | Technical | BULLISH | Strong (MACD +5.39, volume +50%, price above all MAs) | | News Sentiment | NEUTRAL | Weak (generic commentary, no catalysts) | | Fund Flows | BULLISH | Strong (+18% of assets in 3 months) | | Options Market | BULLISH | Moderate (put/call 0.20, low IV suggests upside bias) |

Generated

QTEC Options Activity & IV Rank

QTEC IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 34.4%
7-DTE IV: —
Expected Move: $23.15
7-DTE Move: $23.15
Days to Exp: 29 (2026-11-20)

Options Flow

Call Volume: 7
Put Volume: 1
P/C Volume: 0.143
BULLISH
Call OI: 7
Put OI: 1
P/C OI: 0.143
Total OI: 8

ATM Options Pricing

ATM Call: $11.45
ATM Put: $11.70
Call %: 3.8%
Put %: 3.9%

Chain Summary

Chain Volume: 68
Chain OI: 89
Last Updated: 10/22/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d 72%
+13.1 pts EXTREME
ATM 34.3% / Wing 47.4%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)84.3HighOct 22
Straddle Price (30 DTE)$23.15Oct 22
Beta Analysis

Risk Metrics

Beta: 1.9129
Alpha: 1.92%
Correlation: 0.8249
R-Squared: 68.0%
Stock Volatility: 29.6%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time

QTEC Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

462 filers9,885,812 shares$3.30B value
# Filer Shares Value % of Total % of Float Period
1 First Trust Advisors LP 2,428,884 $812.92M 24.67% — 2026-06-30
2 Morgan Stanley Custodian 706,281 $236.39M 7.17% — 2026-06-30
3 LPL Financial LLC Custodian 627,869 $210.14M 6.38% — 2026-06-30
4 Bank of America Corp Custodian 580,089 $194.15M 5.89% — 2026-06-30
5 Wells Fargo & Company Custodian 492,172 $164.73M 5.00% — 2026-06-30
6 Raymond James Financial, Inc. Custodian 299,927 $100.38M 3.05% — 2026-06-30
7 BNP Paribas Financial Markets Custodian 263,100 $88.06M 2.67% — 2026-06-30
8 UBS Group AG Custodian 241,509 $80.83M 2.45% — 2026-06-30
9 Royal Bank of Canada Custodian 190,625 $63.80M 1.94% — 2026-06-30
10 Envestnet Asset Management, Inc. 147,217 $49.27M 1.50% — 2026-06-30
11 OSAIC HOLDINGS, INC. Custodian 133,613 $44.73M 1.36% — 2026-06-30
12 Allworth Financial LP Custodian 115,863 $38.78M 1.18% — 2026-06-30
13 Marshall Wace, LLP Custodian 105,880 $35.44M 1.08% — 2026-06-30
14 Cambridge Investment Research Advisors, Inc. 95,019 $31.80M 0.96% — 2026-06-30
15 TRUIST FINANCIAL CORP Custodian 94,324 $31.57M 0.96% — 2026-06-30
16 Janney Montgomery Scott LLC 92,358 $30.91M 0.94% — 2026-06-30
17 NewEdge Advisors, LLC 87,942 $29.43M 0.89% — 2026-06-30
18 Ameriprise Financial, Inc. Custodian 87,150 $29.23M 0.89% — 2026-06-30
19 RVW Wealth, LLC 83,066 $27.39M 0.83% — 2026-09-30
20 EP Wealth Advisors, LLC 77,980 $26.10M 0.79% — 2026-06-30
21 Cetera Investment Advisers Custodian 77,736 $26.02M 0.79% — 2026-06-30
22 MEITAV INVESTMENT HOUSE LTD 69,703 $23.33M 0.71% — 2026-06-30
23 Kestra Advisory Services, LLC 66,336 $22.20M 0.67% — 2026-06-30
24 Citigroup Inc. Custodian 63,755 $21.34M 0.65% — 2026-06-30
25 Nilsine Partners, LLC 60,647 $20.30M 0.62% — 2026-06-30
3 filers$1.91M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $1.37M 71.93% 2026-06-30
2 Citadel Advisors LLC Custodian $468.57K 24.56% 2026-06-30
3 Belvedere Trading LLC $66.94K 3.51% 2026-06-30
1 filers$267.75K notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $267.75K 100.00% 2026-06-30
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
185.54K
SI % of Float
1.28%
Days to Cover
1.00
Short Vol Ratio
62.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
QTEC Constituent Performance

Click any bar to view the full quote for that stock.

QTEC Constituents (47 of 47)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
META Meta Platforms, Inc. (Class A) 2.70% $648.85 -6.98%-11.93%-16.56%
SHOP Shopify Inc. (Class A) 2.62% $168.81 -3.14%-5.24%+16.29%
AMD Advanced Micro Devices, Inc. 2.53% $507.93 -8.10%-9.66%-19.28%
MRVL Marvell Technology, Inc. 2.53% $223.47 -8.70%-7.37%-13.70%
ADI Analog Devices, Inc. 2.44% $385.76 -4.98%-4.50%+0.82%
DDOG Datadog, Inc. (Class A) 2.41% $257.75 -5.62%-3.19%+0.32%
MSTR Strategy Incorporated (Class A) 2.39% $145.8 -5.00%-3.63%-9.78%
AAPL Apple Inc. 2.38% $348.22 +1.23%+1.82%+3.66%
TXN Texas Instruments Incorporated 2.37% $279.5 -1.81%+0.14%+3.27%
NXPI NXP Semiconductors N.V. 2.35% $237.79 -1.89%+2.90%+3.32%
TRI Thomson Reuters Corporation 2.34% $123.26 +6.94%+14.25%+22.87%
MSFT Microsoft Corporation 2.33% $521.08 -2.23%-3.40%+4.65%
WDAY Workday, Inc. (Class A) 2.30% $209.99 +3.46%+6.79%+9.95%
PLTR Palantir Technologies Inc. (Class A) 2.30% $196.19 -2.74%-2.15%+1.87%
MCHP Microchip Technology Incorporated 2.30% $74.52 -3.41%+0.35%-0.23%
QCOM QUALCOMM Incorporated 2.29% $172.83 -2.88%-3.12%-11.03%
INTC Intel Corporation 2.28% $85.49 -8.04%-10.36%-32.89%
SNPS Synopsys, Inc. 2.27% $422.48 -6.36%-9.75%-0.57%
FTNT Fortinet, Inc. 2.23% $172.98 -0.61%-4.91%-3.18%
CRWD CrowdStrike Holdings, Inc. (Class A) 2.19% $237.94 -0.58%-2.71%-8.37%
MPWR Monolithic Power Systems, Inc. 2.19% $1167.93 -8.99%-6.51%-12.55%
NVDA NVIDIA Corporation 2.18% $212.21 -4.40%-2.31%-5.51%
PDD PDD Holdings Inc. (ADR) 2.16% $79.17 +0.57%-3.94%+1.24%
ASML ASML Holding N.V. (New York Registry Shares) 2.14% $1560.54 -6.93%-5.85%-9.40%
TER Teradyne, Inc. 2.14% $308.75 -10.63%-10.04%-20.36%
ALAB Astera Labs, Inc. 2.13% $257.82 -11.11%-14.62%-28.48%
ADSK Autodesk, Inc. 2.11% $254.95 +4.13%+3.99%+20.63%
CDNS Cadence Design Systems, Inc. 2.10% $309.65 -5.04%-4.54%-3.84%
ROP Roper Technologies, Inc. 2.09% $436.23 +9.73%+14.06%+19.84%
INTU Intuit Inc. 2.08% $354.9 +5.75%+7.49%+28.06%
MU Micron Technology, Inc. 2.08% $856.49 -6.26%-8.03%-20.73%
KLAC KLA Corporation 2.05% $147.83 -9.55%-15.26%-20.99%
ARM Arm Holdings Plc 2.03% $210.1 -7.28%-14.17%-31.42%
AVGO Broadcom Inc. 2.01% $323.24 -4.31%-6.12%-7.74%
PANW Palo Alto Networks, Inc. 1.98% $354.92 +2.21%-4.15%-8.98%
AMAT Applied Materials, Inc. 1.97% $375.58 -8.16%-12.66%-20.81%
ADBE Adobe Incorporated 1.95% $270.55 +6.07%+7.50%+13.23%
APP Applovin Corp. (Class A) 1.94% $264.28 -1.35%-5.37%-15.42%
SNDK Sandisk Corporation 1.94% $1260.93 -8.51%-9.60%-28.10%
LRCX Lam Research Corporation 1.94% $230.15 -11.76%-17.05%-25.07%
NBIS Nebius Group N.V. 1.85% $159.17 -7.23%-15.52%-34.63%
DASH DoorDash, Inc. (Class A) 1.84% $185.94 +0.81%-3.68%-0.85%
STX Seagate Technology Holdings Plc 1.81% $642.14 -7.86%-7.05%-29.12%
WDC Western Digital Corporation 1.80% $354.19 -6.43%-0.63%-21.35%
CRWV CoreWeave, Inc. (Class A) 1.63% $55.6 -10.06%-20.22%-38.31%
GOOG Alphabet Inc. (Class C) 1.12% $320.76 -3.08%-7.00%-5.38%
GOOGL Alphabet Inc. (Class A) 1.12% $324.22 -3.15%-7.16%-5.30%