First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Down 13.5% in August

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 90,000 shares, a drop of 13.5% from the August 15th total of 104,100 shares. Based on an average trading volume of 238,500 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust RBA American Industrial Renaissance ETF

Large investors have recently bought and sold shares of the company. Cascade Investment Group Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 2.2% in the 2nd quarter. Cascade Investment Group Inc. now owns 9,171 shares of the company’s stock valued at $626,000 after purchasing an additional 200 shares in the last quarter. International Assets Investment Management LLC grew its holdings in First Trust RBA American Industrial Renaissance ETF by 4.6% during the fourth quarter. International Assets Investment Management LLC now owns 5,835 shares of the company’s stock worth $337,000 after acquiring an additional 256 shares during the period. Steward Partners Investment Advisory LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 2.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,521 shares of the company’s stock worth $609,000 after acquiring an additional 275 shares in the last quarter. First Heartland Consultants Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 5.2% in the second quarter. First Heartland Consultants Inc. now owns 5,941 shares of the company’s stock worth $406,000 after acquiring an additional 295 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 80.4% in the second quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after acquiring an additional 348 shares during the period.

First Trust RBA American Industrial Renaissance ETF Trading Up 2.2 %

Shares of AIRR stock opened at $71.08 on Monday. The company has a market capitalization of $1.39 billion, a P/E ratio of 23.16 and a beta of 1.25. The business’s 50 day moving average is $70.51 and its two-hundred day moving average is $68.33. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $46.71 and a twelve month high of $75.92.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.0333 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.13 dividend on an annualized basis and a yield of 0.19%.

About First Trust RBA American Industrial Renaissance ETF

The First Trust RBA American Industrial RenaissanceTM ETF (AIRR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector. AIRR was launched on Mar 10, 2014 and is managed by First Trust.