First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Down 31.3% in April

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 41,100 shares, a decline of 31.3% from the March 31st total of 59,800 shares. Based on an average trading volume of 95,800 shares, the days-to-cover ratio is presently 0.4 days.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR opened at $64.94 on Monday. The business’s 50 day simple moving average is $63.95 and its 200-day simple moving average is $57.26. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $44.17 and a 1 year high of $67.74. The stock has a market capitalization of $896.17 million, a price-to-earnings ratio of 21.23 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.0096 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.04 annualized dividend and a yield of 0.06%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Global Assets Advisory LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF in the first quarter worth about $34,255,000. International Assets Investment Management LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 5,949.1% during the 4th quarter. International Assets Investment Management LLC now owns 337,479 shares of the company’s stock valued at $19,520,000 after purchasing an additional 331,900 shares during the last quarter. LPL Financial LLC raised its holdings 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 buying an additional 305,308 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 20.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 674,717 shares of the company’s stock worth $34,761,000 after buying an additional 114,833 shares during the last quarter. Finally, Csenge Advisory Group purchased a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter worth $5,787,000.

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.