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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 201,000 shares, a growth of 149.1% from the October 31st total of 80,700 shares. Based on an average daily trading volume, of 353,300 shares, the short-interest ratio is presently 0.6 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cascade Investment Group Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 2.2% during the 2nd quarter. Cascade Investment Group Inc. now owns 9,171 shares of the company’s stock worth $626,000 after purchasing an additional 200 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 1.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 12,600 shares of the company’s stock valued at $941,000 after purchasing an additional 211 shares during the period. First Heartland Consultants Inc. grew its stake in First Trust RBA American Industrial Renaissance ETF by 5.2% during the second quarter. First Heartland Consultants Inc. now owns 5,941 shares of the company’s stock worth $406,000 after purchasing an additional 295 shares during the period. D.A. Davidson & CO. increased its holdings in First Trust RBA American Industrial Renaissance ETF by 1.1% in the third quarter. D.A. Davidson & CO. now owns 28,558 shares of the company’s stock worth $2,132,000 after purchasing an additional 318 shares in the last quarter. Finally, World Investment Advisors LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 4.1% during the 3rd quarter. World Investment Advisors LLC now owns 8,213 shares of the company’s stock worth $613,000 after buying an additional 326 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.9 %

NASDAQ AIRR opened at $85.03 on Friday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $50.19 and a twelve month high of $86.95. The business’s fifty day moving average is $78.24 and its 200 day moving average is $73.09.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.0419 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.20%. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 26th.

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.