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

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

First Trust RBA American Industrial Renaissance ETF Trading Down 0.9 %

Shares of AIRR opened at $85.03 on Thursday. The firm has a fifty day moving average price of $77.99 and a 200-day moving average price of $73.00. The firm has a market capitalization of $2.09 billion, a P/E ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $50.19 and a 12-month 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. Shareholders of record on Thursday, September 26th were given a $0.0419 dividend. This represents a $0.17 annualized dividend and a yield of 0.20%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 26th.

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

A number of institutional investors have recently modified their holdings of AIRR. Morse Asset Management Inc purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth $26,000. Carolinas Wealth Consulting LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth $29,000. Howe & Rusling Inc. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth $40,000. Finally, Concourse Financial Group Securities Inc. grew its position in shares of 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 worth $53,000 after buying an additional 348 shares in the last quarter.

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.