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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 33,100 shares, a drop of 56.2% from the March 31st total of 75,500 shares. Based on an average daily volume of 60,000 shares, the short-interest ratio is presently 0.6 days. Currently, 1.7% of the company's shares are short sold.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

Shares of QABA traded down $0.07 during trading hours on Monday, hitting $50.46. 840 shares of the stock were exchanged, compared to its average volume of 60,857. First Trust NASDAQ ABA Community Bank Index Fund has a fifty-two week low of $42.97 and a fifty-two week high of $64.30. The business has a 50-day moving average of $51.62 and a 200-day moving average of $55.47. The firm has a market capitalization of $100.92 million, a P/E ratio of 11.60 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.3069 per share. This represents a $1.23 dividend on an annualized basis and a yield of 2.43%. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund's previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 27th.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 3.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,452 shares of the company's stock valued at $2,376,000 after purchasing an additional 1,470 shares during the last quarter. Lumbard & Kellner LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the first quarter valued at approximately $3,017,000. Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust NASDAQ ABA Community Bank Index Fund by 11.4% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,805 shares of the company's stock worth $408,000 after acquiring an additional 796 shares in the last quarter. Waverly Advisors LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth $208,000. Finally, Cetera Investment Advisers bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth approximately $315,000.

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.

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