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

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

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

Several institutional investors have recently bought and sold shares of AIRR. International Assets Investment Management LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% during the 3rd quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after purchasing an additional 696,231 shares during the last quarter. LPL Financial LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 22.7% in the third quarter. LPL Financial LLC now owns 1,859,927 shares of the company’s stock worth $138,881,000 after buying an additional 343,844 shares in the last quarter. Raymond James & Associates boosted its stake in First Trust RBA American Industrial Renaissance ETF by 82.6% during the third quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock valued at $45,797,000 after buying an additional 277,507 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at approximately $16,758,000. Finally, Strategic Financial Concepts LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth approximately $14,236,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.1 %

NASDAQ AIRR opened at $78.61 on Thursday. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $55.94 and a 12 month high of $86.95. The stock’s 50 day moving average is $81.11 and its 200 day moving average is $76.51. The stock has a market cap of $3.36 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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.

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.