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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 310,400 shares, a growth of 9.8% from the January 15th total of 282,800 shares. Based on an average daily trading volume, of 676,500 shares, the short-interest ratio is presently 0.5 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at $137,940,000. Wells Fargo & Company MN purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $69,810,000. LPL Financial LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 42.7% in the fourth quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock valued at $204,497,000 after acquiring an additional 794,494 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% in the third quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after acquiring an additional 696,231 shares in the last quarter. Finally, Meitav Investment House Ltd. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $26,942,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.1 %

Shares of AIRR opened at $77.20 on Friday. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $58.99 and a twelve month high of $86.95. The firm’s fifty day simple moving average is $79.62 and its 200-day simple moving average is $77.04. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

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

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.