First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Down 38.6% in December

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 236,200 shares, a drop of 38.6% from the December 15th total of 384,700 shares. Based on an average daily volume of 506,200 shares, the short-interest ratio is presently 0.5 days.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.3 %

NASDAQ:AIRR opened at $81.23 on Thursday. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $53.29 and a 12 month high of $86.95. The firm’s 50 day moving average is $81.50 and its 200 day moving average is $75.50. The stock has a market capitalization of $3.13 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.0561 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIRR. Envestnet Asset Management Inc. raised its stake in First Trust RBA American Industrial Renaissance ETF by 73.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 127,205 shares of the company’s stock valued at $8,689,000 after acquiring an additional 53,927 shares during the period. Total Clarity Wealth Management Inc. raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 47.3% in the second quarter. Total Clarity Wealth Management Inc. now owns 37,717 shares of the company’s stock valued at $2,576,000 after purchasing an additional 12,103 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at approximately $205,000. Lokken Investment Group LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 2.9% in the 2nd quarter. Lokken Investment Group LLC now owns 52,073 shares of the company’s stock worth $3,557,000 after buying an additional 1,459 shares during the period. Finally, Carolinas Wealth Consulting LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at approximately $29,000.

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.