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

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABAGet Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 25,300 shares, a growth of 65.4% from the March 15th total of 15,300 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is presently 0.7 days.

Institutional investors have recently made changes to their positions in the stock. Koshinski Asset Management Inc. raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 64.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 445 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the period. Spire Wealth Management raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 61.2% in the 3rd quarter. Spire Wealth Management now owns 2,452 shares of the company’s stock valued at $138,000 after acquiring an additional 931 shares during the period. Well Done LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at about $212,000. Raymond James Financial Services Advisors Inc. raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 5.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,831 shares of the company’s stock valued at $328,000 after acquiring an additional 288 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at about $345,000.

Shares of NASDAQ QABA traded down $0.60 during mid-day trading on Friday, reaching $53.40. 13,724 shares of the company’s stock were exchanged, compared to its average volume of 33,520. First Trust NASDAQ ABA Community Bank Index Fund has a 52 week low of $51.07 and a 52 week high of $63.67. The firm has a 50-day moving average price of $57.69 and a two-hundred day moving average price of $58.83.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, March 25th.

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