Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Expands By 126.1%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 17,162 shares, a growth of 126.1% from the July 15th total of 7,589 shares. Based on an average daily trading volume, of 11,010 shares, the short-interest ratio is presently 1.6 days. Approximately 1.3% of the company’s shares are sold short.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

Shares of First Trust NASDAQ ABA Community Bank Index Fund stock traded up $0.09 during midday trading on Friday, reaching $70.31. 13,229 shares of the company’s stock traded hands, compared to its average volume of 8,354. The stock has a 50 day moving average of $67.46 and a 200-day moving average of $62.99. First Trust NASDAQ ABA Community Bank Index Fund has a 12 month low of $51.90 and a 12 month high of $70.66. The company has a market cap of $94.93 million, a PE ratio of 13.59 and a beta of 0.75.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.3497 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.34.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG boosted its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 0.4% during the 3rd quarter. UBS Group AG now owns 164,070 shares of the company’s stock valued at $9,213,000 after purchasing an additional 594 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 32.6% in the fourth quarter. Wells Fargo & Company MN now owns 159,738 shares of the company’s stock worth $9,051,000 after buying an additional 39,240 shares in the last quarter. Bank of America Corp DE raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 27.1% in the second quarter. Bank of America Corp DE now owns 139,575 shares of the company’s stock worth $7,565,000 after buying an additional 29,749 shares in the last quarter. Two Sigma Investments LP lifted its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 23.1% in the third quarter. Two Sigma Investments LP now owns 41,000 shares of the company’s stock worth $2,302,000 after buying an additional 7,700 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 40,389 shares of the company’s stock worth $2,289,000 after buying an additional 469 shares during the period.

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.