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 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 short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AIRR. Global Assets Advisory LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the first quarter worth about $34,255,000. International Assets Investment Management LLC raised its holdings in First Trust RBA American Industrial Renaissance ETF by 5,949.1% during the 4th quarter. International Assets Investment Management LLC now owns 337,479 shares of the company’s stock worth $19,520,000 after purchasing an additional 331,900 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 135.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 170,296 shares of the company’s stock worth $11,466,000 after purchasing an additional 98,065 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 115.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 175,000 shares of the company’s stock valued at $11,783,000 after purchasing an additional 93,800 shares during the last quarter. Finally, Parkside Investments LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the first quarter worth $4,945,000.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.6 %

AIRR stock opened at $68.31 on Friday. The company’s 50-day moving average price is $69.01 and its two-hundred day moving average price is $63.29. The firm has a market cap of $952.92 million, a P/E ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $46.71 and a 12 month high of $73.97.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

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

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.