First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Down 34.7% in September

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 378,900 shares, a drop of 34.7% from the September 15th total of 580,400 shares. Based on an average daily trading volume, of 613,100 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 613,100 shares, the days-to-cover ratio is presently 0.6 days.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $98.13 on Wednesday. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $99.85. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 21.40 and a beta of 1.25. The business’s 50 day moving average price is $93.94 and its 200 day moving average price is $83.42.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.0141 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Saxony Capital Management LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the third quarter worth $220,000. Altus Wealth Group LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 5.3% during the third quarter. Altus Wealth Group LLC now owns 8,756 shares of the company’s stock worth $847,000 after acquiring an additional 444 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in First Trust RBA American Industrial Renaissance ETF by 53.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 67,186 shares of the company’s stock worth $6,496,000 after acquiring an additional 23,515 shares during the last quarter. Cascade Financial Partners LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 7.9% during the third quarter. Cascade Financial Partners LLC now owns 52,306 shares of the company’s stock worth $5,057,000 after acquiring an additional 3,824 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 25.3% during the third quarter. SteelPeak Wealth LLC now owns 6,684 shares of the company’s stock worth $646,000 after acquiring an additional 1,349 shares during the last quarter.

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.