Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Rises By 188.2%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 75,500 shares, an increase of 188.2% from the March 15th total of 26,200 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,100 shares, the short-interest ratio is presently 1.1 days.

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

Several large investors have recently bought and sold shares of the business. LPL Financial LLC increased its position in First Trust NASDAQ ABA Community Bank Index Fund by 79.2% during the fourth quarter. LPL Financial LLC now owns 151,165 shares of the company's stock valued at $8,398,000 after acquiring an additional 66,817 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at about $862,000. Blueprint Investment Partners LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth approximately $225,000. Greenwich Wealth Management LLC boosted its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 1.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 13,517 shares of the company's stock worth $751,000 after buying an additional 250 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $1,686,000.

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 0.5 %

Shares of NASDAQ:QABA traded up $0.22 on Friday, reaching $48.41. 24,583 shares of the company traded hands, compared to its average volume of 65,146. The business's 50-day simple moving average is $52.40 and its 200 day simple moving average is $55.49. The stock has a market capitalization of $99.24 million, a P/E ratio of 11.60 and a beta of 0.92. First Trust NASDAQ ABA Community Bank Index Fund has a 52 week low of $42.68 and a 52 week high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.3069 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 2.54%.

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.