Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Expands By 11,180.0%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 56,400 shares, a growth of 11,180.0% from the March 15th total of 500 shares. Based on an average trading volume of 75,800 shares, the short-interest ratio is presently 0.7 days.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

QABA traded down $2.24 during trading on Wednesday, reaching $43.30. The stock had a trading volume of 21,681 shares, compared to its average volume of 26,795. The business has a 50-day moving average of $45.21 and a 200-day moving average of $44.49. First Trust NASDAQ ABA Community Bank Index Fund has a one year low of $34.59 and a one year high of $51.39. The stock has a market cap of $73.61 million, a PE ratio of 12.11 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.2733 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.09 dividend on an annualized basis and a yield of 2.52%.

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

A number of hedge funds have recently made changes to their positions in the business. Morgan Stanley raised its position in First Trust NASDAQ ABA Community Bank Index Fund by 237.8% in the 4th quarter. Morgan Stanley now owns 423,686 shares of the company's stock worth $22,282,000 after purchasing an additional 298,250 shares during the period. Wells Fargo & Company MN lifted its position in First Trust NASDAQ ABA Community Bank Index Fund by 852.4% in the fourth quarter. Wells Fargo & Company MN now owns 286,310 shares of the company's stock valued at $15,057,000 after purchasing an additional 256,248 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 fourth quarter. Royal Bank of Canada now owns 160,893 shares of the company's stock valued at $8,018,000 after purchasing an additional 134,490 shares during the last quarter. Luken Investment Analytics LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth approximately $6,022,000. Finally, UBS Group AG increased its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 2,264.1% in the fourth quarter. UBS Group AG now owns 84,257 shares of the company's stock worth $4,199,000 after buying an additional 80,693 shares during the period.

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.