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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 10,300 shares, an increase of 17.0% from the August 31st total of 8,800 shares. Based on an average daily trading volume, of 28,400 shares, the days-to-cover ratio is currently 0.4 days.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

Shares of NASDAQ:QABA traded up $0.11 during trading on Friday, reaching $52.18. 5,049 shares of the stock traded hands, compared to its average volume of 23,305. The stock has a 50-day moving average of $52.61 and a two-hundred day moving average of $47.97. First Trust NASDAQ ABA Community Bank Index Fund has a 52-week low of $36.57 and a 52-week high of $56.30. The stock has a market cap of $75.66 million, a P/E ratio of 12.90 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be issued a $0.2761 dividend. This represents a $1.10 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 26th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the second quarter worth approximately $1,710,000. Janney Montgomery Scott LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth approximately $590,000. Virtu Financial LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the first quarter worth approximately $391,000. Finally, Signet Financial Management LLC raised its position in First Trust NASDAQ ABA Community Bank Index Fund by 2.9% in the first quarter. Signet Financial Management LLC now owns 9,086 shares of the company’s stock worth $423,000 after acquiring an additional 257 shares during the period.

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.