First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Short Interest Update

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

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 0.9 %

First Trust NASDAQ ABA Community Bank Index Fund stock traded up $0.50 during midday trading on Monday, reaching $56.94. The stock had a trading volume of 3,694 shares, compared to its average volume of 68,405. First Trust NASDAQ ABA Community Bank Index Fund has a 12 month low of $42.52 and a 12 month high of $64.30. The company has a fifty day moving average price of $56.45 and a two-hundred day moving average price of $56.03. The company has a market capitalization of $125.27 million, a P/E ratio of 14.11 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

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

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Institutional investors have recently modified their holdings of the business. Private Trust Co. NA lifted its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 290.5% during the 4th quarter. Private Trust Co. NA now owns 660 shares of the company’s stock valued at $37,000 after buying an additional 491 shares in the last quarter. Waverly Advisors LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at $208,000. Blueprint Investment Partners LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth about $225,000. Simplicity Wealth LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $225,000. Finally, Mach 1 Financial Group LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at $229,000.

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.