Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Grows By 33.3%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 400 shares, an increase of 33.3% from the March 31st total of 300 shares. Based on an average daily volume of 25,400 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth $26,000. Raymond James & Associates bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth $209,000. Raymond James Financial Services Advisors Inc. bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth $302,000. Commonwealth Equity Services LLC lifted its position in First Trust NASDAQ ABA Community Bank Index Fund by 31.2% in the third quarter. Commonwealth Equity Services LLC now owns 7,696 shares of the company’s stock worth $306,000 after buying an additional 1,830 shares during the last quarter. Finally, Signet Financial Management LLC lifted its position in First Trust NASDAQ ABA Community Bank Index Fund by 9.3% in the third quarter. Signet Financial Management LLC now owns 9,881 shares of the company’s stock worth $393,000 after buying an additional 839 shares during the last quarter.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 0.5 %

Shares of QABA stock traded down $0.21 on Friday, reaching $44.75. The company’s stock had a trading volume of 6,096 shares, compared to its average volume of 25,217. The stock’s fifty day simple moving average is $44.84 and its 200-day simple moving average is $44.84. First Trust NASDAQ ABA Community Bank Index Fund has a 1 year low of $34.59 and a 1 year high of $51.39. The company has a market capitalization of $69.36 million, a price-to-earnings ratio of 12.25 and a beta of 1.29.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.2733 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.09 dividend on an annualized basis and a yield of 2.44%.

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.