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 target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 25,526 shares, a growth of 48.7% from the July 30th total of 17,162 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,081 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in First Trust NASDAQ ABA Community Bank Index Fund by 13.0% in the first quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock valued at $593,000 after buying an additional 1,171 shares in the last quarter. UBS Group AG grew its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 0.4% during the third quarter. UBS Group AG now owns 164,070 shares of the company’s stock worth $9,213,000 after buying an additional 594 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 32.6% during the fourth quarter. Wells Fargo & Company MN now owns 159,738 shares of the company’s stock worth $9,051,000 after buying an additional 39,240 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 27.1% during the second quarter. Bank of America Corp DE now owns 139,575 shares of the company’s stock worth $7,565,000 after buying an additional 29,749 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 23.1% during the third quarter. Two Sigma Investments LP now owns 41,000 shares of the company’s stock worth $2,302,000 after buying an additional 7,700 shares in the last quarter.

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 2.0%

First Trust NASDAQ ABA Community Bank Index Fund stock traded up $1.33 during midday trading on Wednesday, reaching $67.55. The company’s stock had a trading volume of 319 shares, compared to its average volume of 8,636. The stock has a market cap of $91.19 million, a PE ratio of 13.59 and a beta of 0.74. First Trust NASDAQ ABA Community Bank Index Fund has a 52 week low of $51.90 and a 52 week high of $70.66. The business has a 50-day moving average price of $68.26 and a 200-day moving average price of $63.53.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%.

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.