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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,200 shares, a drop of 74.1% from the October 31st total of 8,500 shares. Based on an average daily trading volume, of 16,500 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the first quarter valued at $391,000. International Assets Investment Management LLC grew its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% during the third quarter. International Assets Investment Management LLC now owns 16,395 shares of the company’s stock valued at $867,000 after buying an additional 16,085 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the third quarter valued at $1,099,000. Private Advisory Group LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the third quarter valued at $1,428,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the second quarter valued at $1,710,000.

First Trust NASDAQ ABA Community Bank Index Fund Stock Down 0.1 %

QABA stock traded down $0.09 during trading on Thursday, hitting $62.14. 3,380 shares of the company’s stock traded hands, compared to its average volume of 22,406. The firm has a market capitalization of $127.39 million, a P/E ratio of 12.90 and a beta of 0.92. The business has a fifty day simple moving average of $55.89 and a two-hundred day simple moving average of $51.41. First Trust NASDAQ ABA Community Bank Index Fund has a 1 year low of $42.08 and a 1 year high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2761 dividend. This represents a $1.10 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, September 26th.

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.