Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Drops By 74.1%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,200 shares, a decline of 74.1% from the October 31st total of 8,500 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 0.1 days.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

NASDAQ:QABA traded down $0.09 during midday trading on Wednesday, reaching $62.14. 3,380 shares of the stock traded hands, compared to its average volume of 22,406. The stock has a market capitalization of $127.39 million, a P/E ratio of 12.90 and a beta of 0.92. The company has a fifty day moving average of $55.73 and a 200 day moving average of $51.33. First Trust NASDAQ ABA Community Bank Index Fund has a 12 month low of $42.08 and a 12 month high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.2761 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter worth approximately $1,710,000. Private Advisory Group LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the third quarter valued at approximately $1,428,000. Stifel Financial Corp purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the third quarter worth $1,099,000. International Assets Investment Management LLC boosted its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% in the third quarter. International Assets Investment Management LLC now owns 16,395 shares of the company’s stock valued at $867,000 after acquiring an additional 16,085 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 3rd quarter valued at $797,000.

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.