Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Rises By 99.4%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 35,900 shares, a growth of 99.4% from the January 31st total of 18,000 shares. Based on an average daily volume of 48,000 shares, the short-interest ratio is presently 0.7 days.

First Trust NASDAQ ABA Community Bank Index Fund Stock Up 1.1 %

NASDAQ:QABA traded up $0.64 on Friday, hitting $56.44. The stock had a trading volume of 9,832 shares, compared to its average volume of 70,050. The company has a fifty day moving average price of $56.45 and a two-hundred day moving average price of $55.98. The stock has a market cap of $124.17 million, a price-to-earnings ratio of 14.11 and a beta of 0.92. First Trust NASDAQ ABA Community Bank Index Fund has a 1-year low of $42.52 and a 1-year high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.3361 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QABA. Raymond James Financial Inc. purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter worth $862,000. Blueprint Investment Partners LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter worth about $225,000. Greenwich Wealth Management LLC increased its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 1.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 13,517 shares of the company’s stock valued at $751,000 after acquiring an additional 250 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at approximately $1,686,000. Finally, Simplicity Wealth LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth approximately $225,000.

About First Trust NASDAQ ABA Community Bank Index Fund

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.