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

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

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 184.3% in the 3rd quarter. Jane Street Group LLC now owns 30,051 shares of the company’s stock valued at $2,244,000 after buying an additional 19,481 shares during the period. Farther Finance Advisors LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at $26,000. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 6.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,744 shares of the company’s stock worth $2,744,000 after acquiring an additional 2,090 shares during the period. Concourse Financial Group Securities Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 157.9% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,014 shares of the company’s stock worth $150,000 after acquiring an additional 1,233 shares during the period. Finally, FMR LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 62.5% during the 3rd quarter. FMR LLC now owns 2,705 shares of the company’s stock worth $202,000 after purchasing an additional 1,040 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.1 %

Shares of NASDAQ:AIRR opened at $77.20 on Tuesday. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $58.99 and a fifty-two week high of $86.95. The firm has a 50-day simple moving average of $79.50 and a 200 day simple moving average of $77.09. The company has a market cap of $3.38 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. Stockholders of record on Friday, December 13th were paid a $0.0561 dividend. 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.