First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) Sees Significant Decline in Short Interest

First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 3,444 shares, a decrease of 53.8% from the June 30th total of 7,453 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 22,253 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Alerian U.S. NextGen Infrastructure ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBLD. Harbour Investments Inc. grew its stake in First Trust Alerian U.S. NextGen Infrastructure ETF by 375.0% in the 4th quarter. Harbour Investments Inc. now owns 380 shares of the company’s stock valued at $28,000 after buying an additional 300 shares in the last quarter. Osaic Holdings Inc. grew its holdings in First Trust Alerian U.S. NextGen Infrastructure ETF by 87.0% during the 2nd quarter. Osaic Holdings Inc. now owns 430 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the fourth quarter valued at about $34,000. Dynamic Advisor Solutions LLC bought a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the second quarter valued at about $248,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the second quarter worth about $212,000.

First Trust Alerian U.S. NextGen Infrastructure ETF Price Performance

Shares of NYSEARCA:RBLD traded down $2.05 during mid-day trading on Wednesday, hitting $85.63. The company had a trading volume of 919 shares, compared to its average volume of 4,127. The firm has a fifty day moving average price of $88.70 and a 200 day moving average price of $85.18. The company has a market capitalization of $55.66 million, a PE ratio of 22.48 and a beta of 0.85. First Trust Alerian U.S. NextGen Infrastructure ETF has a one year low of $72.51 and a one year high of $91.07.

About First Trust Alerian U.S. NextGen Infrastructure ETF

The fund will normally invest at least 90% of its net assets in the common stocks and real estate investment trusts (“ REITs ”) that comprise the index. The index seeks to provide exposure to U.S. infrastructure companies with securities listed on recognized U.S. securities exchanges that build, operate and own infrastructure assets.