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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 80,700 shares, an increase of 7.5% from the October 15th total of 75,100 shares. Based on an average trading volume of 274,900 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of AIRR. Morse Asset Management Inc acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter valued at approximately $26,000. Carolinas Wealth Consulting LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the second quarter worth approximately $29,000. Howe & Rusling Inc. acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter worth approximately $40,000. Finally, Concourse Financial Group Securities Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 80.4% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after purchasing an additional 348 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR stock opened at $81.85 on Monday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $50.19 and a 1 year high of $85.97. The firm has a market capitalization of $2.01 billion, a PE ratio of 23.16 and a beta of 1.25. The stock has a fifty day moving average of $75.97 and a two-hundred day moving average of $72.20.

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 issued a $0.0419 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.17 annualized dividend 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.

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.