First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Update

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 201,000 shares, a growth of 149.1% from the October 31st total of 80,700 shares. Based on an average daily volume of 353,300 shares, the short-interest ratio is currently 0.6 days.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.9 %

First Trust RBA American Industrial Renaissance ETF stock opened at $85.03 on Friday. The company has a fifty day simple moving average of $78.24 and a 200-day simple moving average of $73.09. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $50.19 and a 52-week high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.0419 dividend. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, September 26th. This represents a $0.17 dividend on an annualized basis and a yield of 0.20%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $26,000. Raymond James & Associates lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 7.6% in the 2nd quarter. Raymond James & Associates now owns 335,824 shares of the company’s stock worth $22,940,000 after acquiring an additional 23,754 shares during the last quarter. Prudential PLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth approximately $2,732,000. Janney Montgomery Scott LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 6.0% during the third quarter. Janney Montgomery Scott LLC now owns 36,744 shares of the company’s stock worth $2,744,000 after buying an additional 2,090 shares during the period. Finally, Comerica Bank grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 3.8% in the first quarter. Comerica Bank now owns 20,234 shares of the company’s stock valued at $1,362,000 after buying an additional 746 shares in the last quarter.

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.