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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 26,200 shares, a decline of 31.9% from the February 28th total of 38,500 shares. Based on an average daily trading volume, of 53,100 shares, the short-interest ratio is presently 0.5 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in First Trust NASDAQ ABA Community Bank Index Fund by 178.2% in the fourth quarter. Wells Fargo & Company MN now owns 109,794 shares of the company’s stock worth $6,099,000 after buying an additional 70,324 shares in the last quarter. LPL Financial LLC lifted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 79.2% in the fourth quarter. LPL Financial LLC now owns 151,165 shares of the company’s stock worth $8,398,000 after buying an additional 66,817 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at approximately $2,012,000. Independent Advisor Alliance purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth $1,686,000. Finally, Stifel Financial Corp purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter worth approximately $1,099,000.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

NASDAQ QABA opened at $52.28 on Tuesday. First Trust NASDAQ ABA Community Bank Index Fund has a 1-year low of $42.52 and a 1-year high of $64.30. The business’s fifty day moving average price is $55.44 and its 200-day moving average price is $56.08. The stock has a market capitalization of $115.02 million, a price-to-earnings ratio of 13.73 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.3069 dividend. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 27th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 2.35%.

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.