The First Trust NASDAQ ABA Community Bank Index Fund ETF (NASDAQ:QABA) is seeing unusually high volume in afternoon trading Thursday, with over 92,000 shares traded versus three month average volume of about 28,000. Shares of QABA were off about 1.1% on the day.
Components of that ETF with the highest volume on Thursday were Zions Bancorporation (NASDAQ:ZION), trading down about 2.1% with over 1.7 million shares changing hands so far this session, and Associated Banc-Corp (ASBC), down about 1.5% on volume of over 506,000 shares. Fidelity National (NASDAQ:LION) is the component faring the best Thursday, up by about 1.5% on the day, while Merchants Bancshares (NASDAQ:MBVT) is lagging other components of the First Trust NASDAQ ABA Community Bank Index Fund ETF, trading lower by about 2.7%.
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