First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Short Interest Down 67.2% in January

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 18,000 shares, a decline of 67.2% from the January 15th total of 54,900 shares. Based on an average daily volume of 36,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% during the third quarter. International Assets Investment Management LLC now owns 16,395 shares of the company's stock valued at $867,000 after purchasing an additional 16,085 shares during the period. Stifel Financial Corp purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the third quarter valued at about $1,099,000. Virtu Financial LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the third quarter valued at about $797,000. Signet Financial Management LLC boosted its position in First Trust NASDAQ ABA Community Bank Index Fund by 25.7% during the fourth quarter. Signet Financial Management LLC now owns 11,661 shares of the company's stock worth $648,000 after purchasing an additional 2,386 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth about $389,000.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

Shares of First Trust NASDAQ ABA Community Bank Index Fund stock traded down $0.26 during trading hours on Friday, hitting $57.76. 100,190 shares of the company's stock traded hands, compared to its average volume of 65,863. The stock has a market capitalization of $127.07 million, a price-to-earnings ratio of 12.90 and a beta of 0.92. First Trust NASDAQ ABA Community Bank Index Fund has a 12-month low of $42.52 and a 12-month high of $64.30. The company has a fifty day simple moving average of $56.93 and a 200-day simple moving average of $55.57.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.3361 per share. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ ABA Community Bank Index Fund

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.