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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 27,600 shares, a growth of 1,154.5% from the November 15th total of 2,200 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 3rd quarter valued at about $797,000. 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 purchasing an additional 16,085 shares during the last quarter. Stifel Financial Corp acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the third quarter worth $1,099,000. Private Advisory Group LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the third quarter valued at $1,428,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position 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 Performance

Shares of QABA stock traded up $0.40 on Wednesday, hitting $61.32. The stock had a trading volume of 12,374 shares, compared to its average volume of 21,889. The stock’s 50 day moving average is $57.40 and its 200-day moving average is $52.38. The firm has a market capitalization of $125.71 million, a price-to-earnings ratio of 12.90 and a beta of 0.92. First Trust NASDAQ ABA Community Bank Index Fund has a 52-week low of $42.52 and a 52-week high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.2761 per share. This represents a $1.10 annualized dividend and a yield of 1.80%. The ex-dividend date was 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.