First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Sees Large Growth in Short Interest

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 25,715 shares, an increase of 25.8% from the February 12th total of 20,440 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,383 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 11,383 shares, the short-interest ratio is presently 2.3 days. Approximately 2.0% of the company’s stock are short sold.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 0.2%

QABA stock traded down $0.10 during mid-day trading on Friday, hitting $56.75. 8,971 shares of the company were exchanged, compared to its average volume of 12,026. The firm has a fifty day simple moving average of $60.03 and a 200 day simple moving average of $57.69. The company has a market capitalization of $73.78 million, a PE ratio of 13.59 and a beta of 0.81. First Trust NASDAQ ABA Community Bank Index Fund has a twelve month low of $45.06 and a twelve month high of $64.25.

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 the company. Kestra Advisory Services LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at about $73,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter worth approximately $75,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 178.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock worth $128,000 after acquiring an additional 1,447 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at approximately $364,000. Finally, Jane Street Group LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at approximately $364,000.

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.