Short Interest in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Declines By 24.3%

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 68,100 shares, a drop of 24.3% from the August 31st total of 90,000 shares. Based on an average daily volume of 237,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AIRR. Pinnacle Bancorp Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth $27,000. Carolinas Wealth Consulting LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter worth about $29,000. Concourse Financial Group Securities Inc. raised its stake in 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 worth $53,000 after purchasing an additional 348 shares during the period. Register Financial Advisors LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at about $199,000. Finally, Accel Wealth Management purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at approximately $204,000.

First Trust RBA American Industrial Renaissance ETF Trading Up 0.3 %

Shares of AIRR stock opened at $74.09 on Friday. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $46.71 and a twelve month high of $75.92. The stock has a market cap of $1.45 billion, a P/E ratio of 23.16 and a beta of 1.25. The stock has a 50 day moving average of $71.13 and a 200 day moving average of $68.88.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.0419 per share. The ex-dividend date is Thursday, September 26th. This is a boost 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 0.23%.

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.