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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 30,000 shares, an increase of 86.3% from the June 15th total of 16,100 shares. Based on an average daily trading volume, of 171,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in First Trust RBA American Industrial Renaissance ETF by 5.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 711,182 shares of the company’s stock valued at $41,135,000 after buying an additional 36,465 shares during the last quarter. UBS Group AG raised its stake in First Trust RBA American Industrial Renaissance ETF by 9.8% in the fourth quarter. UBS Group AG now owns 547,735 shares of the company’s stock valued at $31,681,000 after buying an additional 49,046 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the first quarter valued at about $34,255,000. International Assets Investment Management LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 5,949.1% in the fourth quarter. International Assets Investment Management LLC now owns 337,479 shares of the company’s stock worth $19,520,000 after purchasing an additional 331,900 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 11.1% in the first quarter. Raymond James & Associates now owns 312,070 shares of the company’s stock worth $21,012,000 after purchasing an additional 31,194 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $70.22 on Friday. The stock has a 50-day moving average of $69.59 and a two-hundred day moving average of $63.95. First Trust RBA American Industrial Renaissance ETF has a one year low of $46.71 and a one year high of $73.97. The stock has a market cap of $1.24 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

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

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.