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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 79,200 shares, a decrease of 32.8% from the February 28th total of 117,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 664,000 shares, the short-interest ratio is presently 0.1 days.

First Trust RBA American Industrial Renaissance ETF Trading Down 2.0 %

Shares of NASDAQ:AIRR opened at $68.27 on Friday. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $61.36 and a 12-month high of $86.95. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.32 and a beta of 1.25. The stock has a fifty day simple moving average of $74.72 and a two-hundred day simple moving average of $77.21.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.075 dividend. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.44%.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 184.3% in the third quarter. Jane Street Group LLC now owns 30,051 shares of the company’s stock worth $2,244,000 after buying an additional 19,481 shares in the last quarter. FMR LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 62.5% in the 3rd quarter. FMR LLC now owns 2,705 shares of the company’s stock valued at $202,000 after acquiring an additional 1,040 shares in the last quarter. Benjamin Edwards Inc. bought a new position in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at approximately $2,455,000. JPMorgan Chase & Co. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 121.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,548 shares of the company’s stock valued at $3,774,000 after purchasing an additional 27,739 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth $267,000.

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.