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First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ: QABA - Get Free Report) was the recipient of a significant growth in short interest during the month of 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. Based on an average
Tech capex and geopolitics have dominated the headlines this year, but opportunities emerge elsewhere. Dividend growth investing could be hitting its stride amid shifting macro and micro trends. Novel, forward-looking strategies may help asset allocators find alpha beyond traditional income approaches.
IAT: Undervalued Regional Banks With Strong Growth Momentum
QABA offers exposure to small community banks with attractive valuations, higher yields, and potential acquisition upside versus larger peers. Despite some compelling individual bank stories, QABA's historical returns have been erratic, and the fund has lagged broader benchmarks recently. The ETF carries higher risks due to its sensitivity to interest rates and concentrated exposure to smaller banks, which may be depending heavily on commercial real estate.
First Trust NASDAQ® ABA Community Bank Index Fund ETF holds 154 small and micro-cap banks and thrifts. The QABA ETF is well-diversified in states and holdings, and shows growth characteristics within the banking industry. QABA has a lackluster track record, lagging the banking industry benchmark and the small-cap benchmark.
After reaching a record high, all three bourses lost momentum on sticky inflation and the Fed's hawkish comments.
July witnessed the "Great Rotation" in the U.S. stock market as investors shunned the hot technology stocks in favor of smaller companies and other sectors, which are the bigger beneficiaries of the Fed rate cuts.
Wall Street offered a mixed performance last week.