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

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

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

Shares of First Trust NASDAQ ABA Community Bank Index Fund stock traded down $0.22 on Tuesday, hitting $56.88. The company had a trading volume of 1,807 shares, compared to its average volume of 11,820. The stock has a market capitalization of $73.94 million, a price-to-earnings ratio of 13.59 and a beta of 0.81. First Trust NASDAQ ABA Community Bank Index Fund has a 1 year low of $45.06 and a 1 year high of $64.25. The stock has a 50 day moving average of $60.02 and a 200-day moving average of $57.68.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp lifted its stake in First Trust NASDAQ ABA Community Bank Index Fund by 0.7% during the 3rd quarter. Truist Financial Corp now owns 38,713 shares of the company’s stock valued at $2,174,000 after acquiring an additional 267 shares in the last quarter. 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 worth $2,289,000 after acquiring an additional 469 shares in the last quarter. UBS Group AG grew its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 0.4% in the 3rd quarter. UBS Group AG now owns 164,070 shares of the company’s stock worth $9,213,000 after acquiring an additional 594 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at about $73,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at about $75,000.

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.