First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Update

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 236,200 shares, a decrease of 38.6% from the December 31st total of 384,700 shares. Based on an average trading volume of 506,200 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds have recently made changes to their positions in AIRR. Morse Asset Management Inc bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth about $25,000. Farther Finance Advisors LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth about $26,000. Howe & Rusling Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth about $40,000. Archer Investment Corp bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth about $58,000. Finally, AlphaMark Advisors LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 30.4% in the fourth quarter. AlphaMark Advisors LLC now owns 1,500 shares of the company’s stock worth $116,000 after acquiring an additional 350 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ:AIRR opened at $78.77 on Wednesday. The stock has a 50-day simple moving average of $81.19 and a two-hundred day simple moving average of $76.49. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $55.22 and a 52-week high of $86.95. The firm has a market capitalization of $3.27 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

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

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.