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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 294,202 shares, a growth of 89.7% from the December 31st total of 155,086 shares. Based on an average daily trading volume, of 929,988 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 929,988 shares, the days-to-cover ratio is presently 0.3 days.

First Trust RBA American Industrial Renaissance ETF Trading Down 2.1%

Shares of AIRR stock opened at $110.20 on Friday. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $59.22 and a 12 month high of $115.80. The company has a market capitalization of $7.60 billion, a P/E ratio of 21.40 and a beta of 1.29. The stock has a 50 day moving average of $103.93 and a two-hundred day moving average of $96.79.

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 paid a dividend of $0.0276 per share. This is an increase 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%. The ex-dividend date was Friday, December 12th.

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

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 115.9% in the 1st quarter. Jane Street Group LLC now owns 17,464 shares of the company’s stock valued at $1,191,000 after purchasing an additional 9,374 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.9% in the second quarter. Janney Montgomery Scott LLC now owns 87,086 shares of the company’s stock valued at $7,089,000 after buying an additional 2,475 shares in the last quarter. Truist Financial Corp raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 1.5% in the second quarter. Truist Financial Corp now owns 45,026 shares of the company’s stock valued at $3,665,000 after buying an additional 685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 289,793 shares of the company’s stock worth $23,589,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Curran Financial Partners LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the second quarter worth approximately $297,000.

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.