Short Interest in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Drops By 84.6%

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 16,100 shares, a decline of 84.6% from the May 31st total of 104,700 shares. Based on an average daily volume of 153,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

A number of hedge funds have recently made changes to their positions in AIRR. Pinnacle Bancorp Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF in the first quarter valued at about $27,000. Principal Securities Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $39,000. J.W. Cole Advisors Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth about $210,000. Global Retirement Partners LLC raised its stake in First Trust RBA American Industrial Renaissance ETF by 1,580.6% during the fourth quarter. Global Retirement Partners LLC now owns 4,067 shares of the company’s stock worth $221,000 after acquiring an additional 3,825 shares during the period. Finally, Independent Wealth Network Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the first quarter valued at approximately $247,000.

First Trust RBA American Industrial Renaissance ETF Stock Up 0.2 %

Shares of AIRR stock traded up $0.13 on Thursday, reaching $68.25. 107,144 shares of the stock were exchanged, compared to its average volume of 119,789. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $46.71 and a 1-year high of $73.97. The stock has a market cap of $952.09 million, a P/E ratio of 23.16 and a beta of 1.25. The firm has a 50 day moving average of $68.74 and a two-hundred day moving average of $63.15.

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.