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 large decline in short interest in the month of March. As of March 13th, there was short interest totaling 18,725 shares, a decline of 27.2% from the February 26th total of 25,715 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 15,758 shares, the short-interest ratio is presently 1.2 days.

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 0.8%

Shares of First Trust NASDAQ ABA Community Bank Index Fund stock traded up $0.45 during trading on Monday, hitting $57.37. The stock had a trading volume of 3,838 shares, compared to its average volume of 10,889. The firm has a market cap of $74.58 million, a price-to-earnings ratio of 13.59 and a beta of 0.81. 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 business’s 50-day moving average is $59.76 and its 200 day moving average is $57.59.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a dividend of $0.3419 per share. This represents a $1.37 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth about $75,000. Virtu Financial LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth approximately $753,000. Kestra Advisory Services LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth $73,000. Wells Fargo & Company MN boosted its stake in First Trust NASDAQ ABA Community Bank Index Fund by 32.6% in the 4th quarter. Wells Fargo & Company MN now owns 159,738 shares of the company’s stock worth $9,051,000 after purchasing an additional 39,240 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 1.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 40,389 shares of the company’s stock valued at $2,289,000 after buying an additional 469 shares during 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.