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

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

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 0.1 %

QABA traded up $0.06 on Thursday, hitting $56.29. 4,940 shares of the stock traded hands, compared to its average volume of 21,551. The business has a fifty day moving average price of $58.56 and a two-hundred day moving average price of $53.34. The firm has a market capitalization of $115.39 million, a PE ratio of 12.90 and a beta of 0.92. First Trust NASDAQ ABA Community Bank Index Fund has a 52 week low of $42.52 and a 52 week high of $64.30.

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. Investors of record on Friday, December 13th will be paid a $0.3361 dividend. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QABA. Virtu Financial LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at $797,000. International Assets Investment Management LLC boosted its position 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 valued at $867,000 after acquiring an additional 16,085 shares in the last quarter. Stifel Financial Corp bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the third quarter valued at about $1,099,000. Private Advisory Group LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the third quarter worth about $1,428,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in First Trust NASDAQ ABA Community Bank Index Fund during the second quarter worth about $1,710,000.

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.