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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 34,600 shares, an increase of 27.7% from the March 31st total of 27,100 shares. Based on an average trading volume of 28,000 shares, the days-to-cover ratio is presently 1.2 days.

Shares of First Trust NASDAQ ABA Community Bank Index Fund stock traded up $0.43 during midday trading on Tuesday, hitting $58.76. The company had a trading volume of 16,530 shares, compared to its average volume of 26,111. The company has a fifty day simple moving average of $57.61 and a 200 day simple moving average of $49.96. First Trust NASDAQ ABA Community Bank Index Fund has a 12-month low of $28.08 and a 12-month high of $61.63.

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