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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 3,000 shares, a decline of 89.1% from the November 30th total of 27,600 shares. Based on an average daily trading volume, of 16,000 shares, the short-interest ratio is currently 0.2 days.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 1.6 %

NASDAQ QABA traded down $0.91 during trading hours on Friday, reaching $55.72. The company had a trading volume of 7,882 shares, compared to its average volume of 21,504. The stock has a market capitalization of $114.23 million, a P/E ratio of 12.90 and a beta of 0.92. The stock has a 50-day moving average of $58.57 and a 200 day moving average of $53.36. First Trust NASDAQ ABA Community Bank Index Fund has a 1-year low of $42.52 and a 1-year high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.3361 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Several institutional investors have recently added to or reduced their stakes in QABA. Stifel Financial Corp purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the third quarter worth $1,099,000. Virtu Financial LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 3rd quarter valued at about $797,000. International Assets Investment Management LLC grew its position in First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% in the 3rd quarter. International Assets Investment Management LLC now owns 16,395 shares of the company’s stock valued at $867,000 after acquiring an additional 16,085 shares in the last quarter. Private Advisory Group LLC acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the third quarter worth about $1,428,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the second quarter worth about $1,710,000.

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.