Short Interest in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Drops By 38.6%

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

First Trust RBA American Industrial Renaissance ETF Stock Up 1.6 %

Shares of NASDAQ AIRR opened at $79.98 on Friday. The company has a market capitalization of $3.42 billion, a PE ratio of 23.16 and a beta of 1.25. The stock’s 50 day moving average price is $81.03 and its 200-day moving average price is $76.53. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $55.94 and a twelve month high of $86.95.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.0561 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

Several large investors have recently made changes to their positions in the business. Morse Asset Management Inc purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth about $25,000. Farther Finance Advisors LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $26,000. Howe & Rusling Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $40,000. Stonebridge Financial Group LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $45,000. Finally, Archer Investment Corp bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth approximately $58,000.

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.