Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Drops By 89.1%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 3,000 shares, a decline of 89.1% from the November 30th total of 27,600 shares. Based on an average trading volume of 16,000 shares, the days-to-cover ratio is currently 0.2 days.

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

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund during the third quarter worth approximately $797,000. International Assets Investment Management LLC raised its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% during the 3rd quarter. International Assets Investment Management LLC now owns 16,395 shares of the company's stock worth $867,000 after buying an additional 16,085 shares during the period. Stifel Financial Corp acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 3rd quarter worth approximately $1,099,000. Private Advisory Group LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 3rd quarter valued at approximately $1,428,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at $1,710,000.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

Shares of QABA traded up $0.40 during trading hours on Thursday, hitting $56.63. The stock had a trading volume of 6,819 shares, compared to its average volume of 21,558. The firm has a 50-day moving average price of $58.57 and a 200 day moving average price of $53.36. First Trust NASDAQ ABA Community Bank Index Fund has a fifty-two week low of $42.52 and a fifty-two week high of $64.30. The firm has a market capitalization of $116.09 million, a price-to-earnings ratio of 12.90 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.3361 per share. The ex-dividend date is Friday, December 13th.

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.