First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Large Decline in Short Interest

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 41,100 shares, a drop of 31.3% from the March 31st total of 59,800 shares. Based on an average daily trading volume, of 95,800 shares, the short-interest ratio is currently 0.4 days.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ:AIRR opened at $64.94 on Friday. The firm has a fifty day moving average price of $63.86 and a two-hundred day moving average price of $57.08. First Trust RBA American Industrial Renaissance ETF has a one year low of $44.17 and a one year high of $67.74. The company has a market cap of $896.17 million, a price-to-earnings ratio of 21.23 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.0096 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date of this dividend was Thursday, March 21st.

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

A number of large investors have recently added to or reduced their stakes in AIRR. Pinnacle Bancorp Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at about $27,000. Signaturefd LLC bought a new position in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at approximately $28,000. Principal Securities Inc. purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at $39,000. Concourse Financial Group Securities Inc. raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 46.9% in the third quarter. Concourse Financial Group Securities Inc. now owns 814 shares of the company’s stock worth $42,000 after purchasing an additional 260 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 4,242.9% during the third quarter. IFP Advisors Inc now owns 1,216 shares of the company’s stock valued at $63,000 after purchasing an additional 1,188 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Company Profile

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.