First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 149.1% in November

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a significant 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 trading volume of 353,300 shares, the days-to-cover ratio is currently 0.6 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in First Trust RBA American Industrial Renaissance ETF by 22.7% during the 3rd quarter. LPL Financial LLC now owns 1,859,927 shares of the company’s stock valued at $138,881,000 after buying an additional 343,844 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% during the third quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after acquiring an additional 696,231 shares in the last quarter. Raymond James & Associates raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 82.6% in the 3rd quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock valued at $45,797,000 after purchasing an additional 277,507 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in First Trust RBA American Industrial Renaissance ETF by 97.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 440,640 shares of the company’s stock worth $30,100,000 after purchasing an additional 217,241 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in First Trust RBA American Industrial Renaissance ETF by 2.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,793 shares of the company’s stock valued at $18,736,000 after purchasing an additional 6,893 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Up 0.5 %

Shares of NASDAQ:AIRR opened at $85.46 on Friday. The firm has a 50 day moving average of $78.44 and a 200 day moving average of $73.17. The company has a market capitalization of $2.10 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 $50.45 and a 52 week high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.