First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Down 34.7% in September

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 378,900 shares, a decrease of 34.7% from the September 15th total of 580,400 shares. Based on an average trading volume of 613,100 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 613,100 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,065,807 shares of the company’s stock valued at $493,757,000 after purchasing an additional 220,666 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 26.4% during the 1st quarter. LPL Financial LLC now owns 3,354,942 shares of the company’s stock worth $228,841,000 after acquiring an additional 700,521 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,646,699 shares of the company’s stock worth $134,041,000 after acquiring an additional 13,099 shares during the period. Royal Bank of Canada lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 29.1% during the 1st quarter. Royal Bank of Canada now owns 802,079 shares of the company’s stock worth $54,710,000 after acquiring an additional 180,581 shares during the period. Finally, Parcion Private Wealth LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 53.8% during the 2nd quarter. Parcion Private Wealth LLC now owns 653,750 shares of the company’s stock worth $53,215,000 after acquiring an additional 228,754 shares during the period.

First Trust RBA American Industrial Renaissance ETF Trading Down 3.1%

Shares of NASDAQ AIRR opened at $95.07 on Thursday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 21.40 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $59.22 and a 52 week high of $99.85. The company’s 50-day moving average price is $93.99 and its 200 day moving average price is $83.50.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.0141 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, September 25th.

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.