First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Short Interest Update

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 26,200 shares, a decline of 31.9% from the February 28th total of 38,500 shares. Based on an average daily trading volume, of 53,100 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.2% of the company's shares are short sold.

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

Several large investors have recently made changes to their positions in the stock. Private Trust Co. NA increased its stake in First Trust NASDAQ ABA Community Bank Index Fund by 290.5% in the 4th quarter. Private Trust Co. NA now owns 660 shares of the company's stock valued at $37,000 after buying an additional 491 shares during the last quarter. Waverly Advisors LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $208,000. Simplicity Wealth LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $225,000. Blueprint Investment Partners LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $225,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at approximately $229,000.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 6.7 %

Shares of NASDAQ:QABA traded down $3.54 during mid-day trading on Thursday, reaching $49.00. The stock had a trading volume of 150,418 shares, compared to its average volume of 61,543. The firm has a market cap of $105.35 million, a PE ratio of 13.73 and a beta of 0.92. The firm has a 50 day simple moving average of $55.25 and a two-hundred day simple moving average of $56.05. First Trust NASDAQ ABA Community Bank Index Fund has a twelve month low of $42.52 and a twelve month high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.3069 per share. This represents a $1.23 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund's previous quarterly dividend of $0.28.

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.