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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 75,023 shares, a decline of 59.7% from the February 12th total of 186,274 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 630,362 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 630,362 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.8%

Shares of AIRR opened at $112.26 on Wednesday. The business’s 50-day moving average price is $113.52 and its 200-day moving average price is $102.56. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $59.22 and a twelve month high of $123.54. The stock has a market cap of $7.82 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0276 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.11 annualized dividend and a yield of 0.1%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guerra Pan Advisors LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 7.4% during the second quarter. Guerra Pan Advisors LLC now owns 13,429 shares of the company’s stock valued at $1,093,000 after purchasing an additional 923 shares during the last quarter. Bank of Montreal Can bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth $100,000. Comprehensive Wealth Management LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 36.8% during the 3rd quarter. Comprehensive Wealth Management LLC now owns 73,274 shares of the company’s stock valued at $7,084,000 after buying an additional 19,714 shares in the last quarter. Sage Private Wealth Group LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 16.6% during the 3rd quarter. Sage Private Wealth Group LLC now owns 194,528 shares of the company’s stock valued at $18,807,000 after buying an additional 27,725 shares in the last quarter. Finally, JBR Co Financial Management Inc lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 19.3% during the 3rd quarter. JBR Co Financial Management Inc now owns 31,806 shares of the company’s stock worth $3,075,000 after acquiring an additional 5,154 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.