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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 79,200 shares, a decline of 32.8% from the February 28th total of 117,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 664,000 shares, the days-to-cover ratio is currently 0.1 days.

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

Several hedge funds have recently made changes to their positions in AIRR. Wealth Enhancement Advisory Services LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $2,736,000. Centaurus Financial Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 18.9% during the 4th quarter. Centaurus Financial Inc. now owns 6,249 shares of the company’s stock valued at $481,000 after acquiring an additional 992 shares during the period. Park Square Financial Group LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at about $107,000. B. Riley Wealth Advisors Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 192.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 10,507 shares of the company’s stock worth $809,000 after acquiring an additional 6,920 shares in the last quarter. Finally, Armis Advisers LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth about $355,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

AIRR stock opened at $68.27 on Monday. The firm has a 50-day moving average of $74.72 and a 200 day moving average of $77.33. The company has a market cap of $2.99 billion, a P/E ratio of 22.32 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $61.36 and a 1 year high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, March 27th. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04.

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.