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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 18,000 shares, a decrease 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 presently 0.5 days.

First Trust NASDAQ ABA Community Bank Index Fund Stock Down 2.3 %

QABA traded down $1.34 during midday trading on Wednesday, reaching $57.60. 130,397 shares of the company’s stock were exchanged, compared to its average volume of 60,171. The business has a 50-day simple moving average of $57.14 and a two-hundred day simple moving average of $55.51. The firm has a market capitalization of $126.72 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 one year low of $42.52 and a one year high of $64.30.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

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

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Several institutional investors have recently bought and sold shares of QABA. Raymond James Financial Inc. bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at $862,000. Blueprint Investment Partners LLC acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter worth about $225,000. Greenwich Wealth Management LLC lifted its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 1.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 13,517 shares of the company’s stock valued at $751,000 after purchasing an additional 250 shares during the last quarter. Independent Advisor Alliance acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at about $1,686,000. Finally, Simplicity Wealth LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter worth about $225,000.

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.