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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 130,600 shares, an increase of 64.9% from the March 15th total of 79,200 shares. Based on an average trading volume of 691,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

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

Several hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 184.3% in the 3rd quarter. Jane Street Group LLC now owns 30,051 shares of the company’s stock valued at $2,244,000 after purchasing an additional 19,481 shares in the last quarter. FMR LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 62.5% in the third quarter. FMR LLC now owns 2,705 shares of the company’s stock worth $202,000 after acquiring an additional 1,040 shares during the last quarter. JPMorgan Chase & Co. lifted its position in First Trust RBA American Industrial Renaissance ETF by 121.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,548 shares of the company’s stock valued at $3,774,000 after acquiring an additional 27,739 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at about $267,000. Finally, Sanctuary Advisors LLC increased its position in First Trust RBA American Industrial Renaissance ETF by 41.4% during the fourth quarter. Sanctuary Advisors LLC now owns 100,583 shares of the company’s stock valued at $8,045,000 after acquiring an additional 29,445 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock opened at $66.68 on Thursday. The company has a market capitalization of $3.04 billion, a P/E ratio of 19.74 and a beta of 1.25. The company has a fifty day moving average price of $70.40 and a 200-day moving average price of $76.52. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week 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, March 31st. Shareholders of record on Thursday, March 27th were given a $0.075 dividend. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, March 27th. This represents a $0.30 annualized dividend and a yield of 0.45%.

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.