First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 25,526 shares, an increase of 48.7% from the July 30th total of 17,162 shares. Based on an average daily trading volume, of 13,081 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.9% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in QABA. Kestra Advisory Services LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at about $73,000. Jane Street Group LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at about $364,000. Gamco Investors INC. ET AL acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at approximately $1,176,000. Goldman Sachs Group Inc. raised its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 40,389 shares of the company’s stock valued at $2,289,000 after acquiring an additional 469 shares during the period. Finally, UBS Group AG raised its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 0.4% in the 3rd quarter. UBS Group AG now owns 164,070 shares of the company’s stock valued at $9,213,000 after acquiring an additional 594 shares during the period.
First Trust NASDAQ ABA Community Bank Index Fund Stock Down 1.1%
NASDAQ QABA traded down $0.74 during trading hours on Tuesday, hitting $66.25. The company’s stock had a trading volume of 19,890 shares, compared to its average volume of 8,672. The stock has a fifty day moving average of $68.24 and a 200 day moving average of $63.50. First Trust NASDAQ ABA Community Bank Index Fund has a twelve month low of $51.90 and a twelve month high of $70.66. The firm has a market capitalization of $89.44 million, a P/E ratio of 13.59 and a beta of 0.75.
First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend
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.
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