First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Large Decline in Short Interest

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 101,599 shares, a decrease of 44.6% from the April 30th total of 183,362 shares. Based on an average daily trading volume, of 878,897 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

First Trust RBA American Industrial Renaissance ETF Trading Down 1.3%

AIRR stock traded down $1.69 during trading on Tuesday, reaching $127.49. 421,378 shares of the stock were exchanged, compared to its average volume of 784,808. The firm’s 50 day moving average is $121.90 and its 200 day moving average is $112.54. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $75.18 and a twelve month high of $133.50. The firm has a market cap of $10.16 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0668 per share. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.27 dividend on an annualized basis and a yield of 0.2%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sankala Group LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $25,000. Truvestments Capital LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. raised its stake in First Trust RBA American Industrial Renaissance ETF by 200.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock worth $36,000 after buying an additional 240 shares during the period. Torren Management LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth approximately $43,000. Finally, Steigerwald Gordon & Koch Inc. raised its stake in First Trust RBA American Industrial Renaissance ETF by 105.7% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 469 shares of the company’s stock worth $52,000 after buying an additional 241 shares during the period.

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.