First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Short Interest Update

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

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

QABA stock traded down $0.91 during midday trading on Friday, hitting $55.72. 7,882 shares of the company’s stock were exchanged, compared to its average volume of 21,504. First Trust NASDAQ ABA Community Bank Index Fund has a one year low of $42.52 and a one year high of $64.30. The company has a market cap of $114.23 million, a PE ratio of 12.90 and a beta of 0.92. The stock’s fifty day moving average price is $58.57 and its 200-day moving average price is $53.36.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.3361 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the third quarter valued at about $797,000. International Assets Investment Management LLC increased 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 worth $867,000 after buying an additional 16,085 shares in the last quarter. Stifel Financial Corp bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at $1,099,000. Private Advisory Group LLC acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 3rd quarter valued at $1,428,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 2nd quarter worth $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.