First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Large Increase in Short Interest

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 310,400 shares, an increase of 9.8% from the January 15th total of 282,800 shares. Based on an average trading volume of 676,500 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in First Trust RBA American Industrial Renaissance ETF by 42.7% in the fourth quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock worth $204,497,000 after acquiring an additional 794,494 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth about $137,940,000. Wells Fargo & Company MN purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $69,810,000. International Assets Investment Management LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% during the third quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after buying an additional 696,231 shares during the period. Finally, Raymond James & Associates boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 82.6% during the third quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock valued at $45,797,000 after buying an additional 277,507 shares during the period.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.1 %

AIRR opened at $77.20 on Monday. The firm has a market cap of $3.38 billion, 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 $58.99 and a 12 month high of $86.95. The stock has a 50-day moving average of $79.62 and a 200 day moving average of $77.06.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.0561 dividend. The ex-dividend date was Friday, December 13th.

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.