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 significant increase in short interest in 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 trading volume of 28,400 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 2nd quarter worth $1,710,000. Virtu Financial LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 1st quarter worth $391,000. Signet Financial Management LLC raised its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 2.9% during the 1st quarter. Signet Financial Management LLC now owns 9,086 shares of the company’s stock worth $423,000 after buying an additional 257 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter worth $590,000.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

First Trust NASDAQ ABA Community Bank Index Fund stock traded up $0.11 during midday trading on Friday, reaching $52.18. The company’s stock had a trading volume of 5,049 shares, compared to its average volume of 23,305. First Trust NASDAQ ABA Community Bank Index Fund has a fifty-two week low of $36.57 and a fifty-two week high of $56.30. The stock’s 50 day simple moving average is $52.61 and its 200 day simple moving average is $47.97. The firm has a market capitalization of $75.66 million, a PE ratio of 12.90 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.2761 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, September 26th.

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.