Short Interest in First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Expands By 126.1%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 17,162 shares, a growth of 126.1% from the July 15th total of 7,589 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 11,010 shares, the short-interest ratio is presently 1.6 days.

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

Shares of QABA stock opened at $70.31 on Friday. The firm has a 50 day moving average of $67.46 and a 200-day moving average of $62.99. The company has a market cap of $94.93 million, a price-to-earnings ratio of 13.59 and a beta of 0.75. First Trust NASDAQ ABA Community Bank Index Fund has a 52 week low of $51.90 and a 52 week high of $70.66.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.3497 per share. This is a boost from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, June 25th.

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

A number of large investors have recently bought and sold shares of QABA. UBS Group AG increased its stake in First Trust NASDAQ ABA Community Bank Index Fund by 0.4% in the third quarter. UBS Group AG now owns 164,070 shares of the company’s stock valued at $9,213,000 after purchasing an additional 594 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 32.6% during the 4th quarter. Wells Fargo & Company MN now owns 159,738 shares of the company’s stock worth $9,051,000 after purchasing an additional 39,240 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 27.1% during the 2nd quarter. Bank of America Corp DE now owns 139,575 shares of the company’s stock worth $7,565,000 after purchasing an additional 29,749 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 23.1% during the 3rd quarter. Two Sigma Investments LP now owns 41,000 shares of the company’s stock worth $2,302,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 40,389 shares of the company’s stock valued at $2,289,000 after buying an additional 469 shares during the period.

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.