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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 282,800 shares, a growth of 19.7% from the December 31st total of 236,200 shares. Based on an average daily volume of 602,400 shares, the days-to-cover ratio is currently 0.5 days.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR traded down $0.65 during mid-day trading on Friday, hitting $79.33. 538,730 shares of the company’s stock were exchanged, compared to its average volume of 741,562. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $55.94 and a fifty-two week high of $86.95. The stock’s 50-day moving average is $80.91 and its 200-day moving average is $76.60.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The firm 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 was Friday, December 13th.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 12,129 shares of the company’s stock worth $934,000 after buying an additional 3,484 shares during the period. Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $2,316,000. Kestra Investment Management LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $100,000. Atria Wealth Solutions Inc. increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 175.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 21,054 shares of the company’s stock worth $1,622,000 after buying an additional 13,404 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.5% during the fourth quarter. D.A. Davidson & CO. now owns 29,271 shares of the company’s stock worth $2,255,000 after buying an additional 713 shares during the period.

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.