Short Interest in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Rises By 141.7%

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 149,600 shares, an increase of 141.7% from the July 15th total of 61,900 shares. Based on an average daily volume of 226,200 shares, the days-to-cover ratio is currently 0.7 days.

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

Hedge funds have recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at about $27,000. Carolinas Wealth Consulting LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the second quarter worth approximately $29,000. Principal Securities Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $39,000. Concourse Financial Group Securities Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 80.4% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after acquiring an additional 348 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at $199,000.

First Trust RBA American Industrial Renaissance ETF Trading Up 0.3 %

Shares of NASDAQ:AIRR opened at $68.96 on Thursday. The firm has a 50 day simple moving average of $69.79 and a 200-day simple moving average of $66.54. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $46.71 and a twelve month high of $75.92. The company has a market capitalization of $1.35 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.0333 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.13 annualized dividend and a yield of 0.19%.

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.