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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 25,715 shares, a growth of 25.8% from the February 12th total of 20,440 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily volume of 11,383 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 11,383 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.0% of the company’s stock are sold short.

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

NASDAQ:QABA traded up $0.60 on Monday, reaching $57.35. The stock had a trading volume of 1,429 shares, compared to its average volume of 11,813. First Trust NASDAQ ABA Community Bank Index Fund has a 12-month low of $45.06 and a 12-month high of $64.25. The company has a 50-day moving average of $60.03 and a 200 day moving average of $57.69. The stock has a market cap of $74.56 million, a P/E ratio of 13.59 and a beta of 0.81.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at about $73,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter worth approximately $75,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in First Trust NASDAQ ABA Community Bank Index Fund by 178.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock valued at $128,000 after purchasing an additional 1,447 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at $364,000. Finally, Jane Street Group LLC acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at about $364,000.

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.