First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Update

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 375,000 shares, a growth of 86.6% from the November 15th total of 201,000 shares. Based on an average daily trading volume, of 389,600 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $26,000. Raymond James & Associates grew its stake in First Trust RBA American Industrial Renaissance ETF by 7.6% during the second quarter. Raymond James & Associates now owns 335,824 shares of the company’s stock worth $22,940,000 after buying an additional 23,754 shares during the last quarter. Prudential PLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the second quarter worth approximately $2,732,000. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 6.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,744 shares of the company’s stock worth $2,744,000 after acquiring an additional 2,090 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth approximately $1,632,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock traded down $0.92 during midday trading on Friday, hitting $81.87. The company had a trading volume of 255,411 shares, compared to its average volume of 224,824. The stock has a market cap of $2.01 billion, a PE ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $53.29 and a 1-year high of $86.95. The business’s 50 day simple moving average is $80.45 and its two-hundred day simple moving average is $74.10.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0419 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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.