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 significant decline in short interest in December. As of December 31st, there was short interest totaling 155,086 shares, a decline of 51.8% from the December 15th total of 322,012 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 470,327 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 470,327 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Bank of Montreal Can purchased a new position in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at $100,000. Guided Capital Wealth Management LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $5,375,000. Guerra Pan Advisors LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 7.4% in the second quarter. Guerra Pan Advisors LLC now owns 13,429 shares of the company’s stock worth $1,093,000 after buying an additional 923 shares in the last quarter. Prospera Financial Services Inc boosted its position in First Trust RBA American Industrial Renaissance ETF by 11.0% during the second quarter. Prospera Financial Services Inc now owns 91,431 shares of the company’s stock worth $7,446,000 after acquiring an additional 9,039 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at about $225,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ:AIRR opened at $112.10 on Friday. The business’s 50 day moving average price is $99.94 and its 200-day moving average price is $94.58. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $112.66. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.