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 growth in short interest during the month of October. As of October 15th, there was short interest totaling 58,900 shares, a growth of 69.3% from the September 30th total of 34,800 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 3.5% of the shares of the company are short sold.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 0.2%

QABA stock opened at $53.51 on Monday. The firm has a market capitalization of $88.29 million, a PE ratio of 13.59 and a beta of 0.81. First Trust NASDAQ ABA Community Bank Index Fund has a 1-year low of $45.06 and a 1-year high of $64.30. The business’s 50 day simple moving average is $56.47 and its 200 day simple moving average is $54.82.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.3523 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.41 dividend on an annualized basis and a yield of 2.6%. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QABA. Bank of America Corp DE grew its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 27.1% in the 2nd quarter. Bank of America Corp DE now owns 139,575 shares of the company’s stock valued at $7,565,000 after buying an additional 29,749 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at $1,176,000. Virtu Financial LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter valued at $1,094,000. Jane Street Group LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at $364,000. Finally, Cetera Investment Advisers grew its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 86.3% in the 2nd quarter. Cetera Investment Advisers now owns 11,552 shares of the company’s stock valued at $626,000 after buying an additional 5,352 shares in the last quarter.

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.