First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Sees Significant Drop in Short Interest

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,200 shares, a decline of 74.1% from the October 31st total of 8,500 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in QABA. Cambridge Investment Research Advisors Inc. acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at approximately $1,710,000. Private Advisory Group LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at approximately $1,428,000. Stifel Financial Corp acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at approximately $1,099,000. International Assets Investment Management LLC increased its stake in First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% in the 3rd quarter. International Assets Investment Management LLC now owns 16,395 shares of the company’s stock valued at $867,000 after buying an additional 16,085 shares during the period. Finally, Virtu Financial LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at approximately $797,000.

First Trust NASDAQ ABA Community Bank Index Fund Stock Down 0.1 %

Shares of QABA stock traded down $0.09 during trading hours on Thursday, reaching $62.14. 3,380 shares of the stock traded hands, compared to its average volume of 22,406. First Trust NASDAQ ABA Community Bank Index Fund has a 1-year low of $42.08 and a 1-year high of $64.30. The business has a fifty day moving average price of $55.89 and a 200 day moving average price of $51.41. The firm has a market capitalization of $127.39 million, a PE ratio of 12.90 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.2761 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.10 annualized dividend and a yield of 1.78%.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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.