First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Update

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRRGet Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 26,900 shares, a drop of 69.0% from the December 31st total of 86,700 shares. Based on an average daily trading volume, of 85,700 shares, the short-interest ratio is presently 0.3 days.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ AIRR traded up $0.03 during midday trading on Friday, reaching $55.40. The stock had a trading volume of 36,273 shares, compared to its average volume of 86,341. The firm has a market cap of $631.56 million, a price-to-earnings ratio of 18.72 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $44.07 and a twelve month high of $58.89. The company’s 50 day moving average price is $54.69 and its 200 day moving average price is $53.00.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were given a dividend of $0.0447 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AIRR. LPL Financial LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 54.2% during the 3rd quarter. LPL Financial LLC now owns 868,861 shares of the company’s stock valued at $44,764,000 after purchasing an additional 305,308 shares in the last quarter. Morgan Stanley increased its stake in First Trust RBA American Industrial Renaissance ETF by 8.5% in the 3rd quarter. Morgan Stanley now owns 746,322 shares of the company’s stock valued at $38,451,000 after buying an additional 58,496 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in First Trust RBA American Industrial Renaissance ETF by 5.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 711,182 shares of the company’s stock valued at $41,135,000 after buying an additional 36,465 shares during the last quarter. UBS Group AG increased its stake in First Trust RBA American Industrial Renaissance ETF by 27.6% in the 3rd quarter. UBS Group AG now owns 498,689 shares of the company’s stock valued at $25,692,000 after buying an additional 107,823 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 5,949.1% in the 4th quarter. International Assets Investment Management LLC now owns 337,479 shares of the company’s stock valued at $19,520,000 after buying an additional 331,900 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Company Profile

(Get Free Report)

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.

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