Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Grows By 48.7%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 25,526 shares, an increase of 48.7% from the July 30th total of 17,162 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 13,081 shares, the short-interest ratio is presently 2.0 days.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 1.1%

Shares of QABA stock traded down $0.74 on Tuesday, hitting $66.25. The stock had a trading volume of 19,890 shares, compared to its average volume of 8,672. First Trust NASDAQ ABA Community Bank Index Fund has a twelve month low of $51.90 and a twelve month high of $70.66. The firm has a market cap of $89.44 million, a P/E ratio of 13.59 and a beta of 0.75. The company has a fifty day moving average price of $68.24 and a two-hundred day moving average price of $63.50.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.3497 per share. This is a boost from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 86.3% during the second quarter. Cetera Investment Advisers now owns 11,552 shares of the company’s stock worth $626,000 after purchasing an additional 5,352 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at approximately $1,176,000. Jane Street Group LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at approximately $364,000. Bank of America Corp DE increased its stake in First Trust NASDAQ ABA Community Bank Index Fund by 27.1% during the 2nd quarter. Bank of America Corp DE now owns 139,575 shares of the company’s stock worth $7,565,000 after purchasing an additional 29,749 shares in the last quarter. Finally, UBS Group AG increased its stake in First Trust NASDAQ ABA Community Bank Index Fund by 0.4% during the 3rd quarter. UBS Group AG now owns 164,070 shares of the company’s stock worth $9,213,000 after purchasing an additional 594 shares in the last quarter.

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.