Short Interest in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Decreases By 57.4%

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 117,800 shares, a decrease of 57.4% from the February 13th total of 276,500 shares. Based on an average trading volume of 676,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

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

A number of hedge funds have recently modified their holdings of the business. Morse Asset Management Inc acquired a new position in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $25,000. Farther Finance Advisors LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at approximately $36,000. Sunbelt Securities Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 60.1% in the fourth quarter. Sunbelt Securities Inc. now owns 538 shares of the company’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Finally, Howe & Rusling Inc. acquired a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter worth $40,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $68.47 on Thursday. The stock has a 50 day moving average of $77.07 and a 200 day moving average of $77.38. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 20.03 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $61.36 and a fifty-two week high of $86.95.

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.