First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 149.1% in November

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 201,000 shares, an increase of 149.1% from the October 31st total of 80,700 shares. Based on an average daily volume of 353,300 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth about $25,000. Farther Finance Advisors LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth about $26,000. Carolinas Wealth Consulting LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF in the second quarter worth about $29,000. Howe & Rusling Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter valued at approximately $40,000. Finally, Concourse Financial Group Securities Inc. boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 80.4% during the second quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after buying an additional 348 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ:AIRR opened at $85.03 on Thursday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The business has a 50 day simple moving average of $77.99 and a 200-day simple moving average of $73.00. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $50.19 and a 1 year high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.0419 dividend. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a yield of 0.20%.

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.