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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 500 shares, a drop of 97.9% from the February 29th total of 23,800 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 0.0 days.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

QABA stock traded up $0.37 on Thursday, reaching $46.54. 9,422 shares of the company traded hands, compared to its average volume of 28,689. The firm has a fifty day simple moving average of $45.86 and a 200-day simple moving average of $44.19. The company has a market cap of $93.08 million, a P/E ratio of 12.11 and a beta of 0.92. First Trust NASDAQ ABA Community Bank Index Fund has a one year low of $34.59 and a one year high of $51.39.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.2733 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.09 annualized dividend and a dividend yield of 2.35%.

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

A number of hedge funds have recently bought and sold shares of QABA. Goldman Sachs Group Inc. purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth about $2,019,000. Harbour Investments Inc. raised its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 312.5% in the 4th quarter. Harbour Investments Inc. now owns 3,189 shares of the company’s stock worth $159,000 after acquiring an additional 2,416 shares during the last quarter. Royal Bank of Canada lifted its position in First Trust NASDAQ ABA Community Bank Index Fund by 509.4% in the 4th quarter. Royal Bank of Canada now owns 160,893 shares of the company’s stock valued at $8,018,000 after acquiring an additional 134,490 shares in the last quarter. Stifel Financial Corp purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at $748,000. Finally, UBS Group AG increased its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 2,264.1% in the 4th quarter. UBS Group AG now owns 84,257 shares of the company’s stock worth $4,199,000 after purchasing an additional 80,693 shares in the last quarter.

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.