Short Interest in First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) Declines By 53.8%

First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,444 shares, a decline of 53.8% from the June 30th total of 7,453 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 22,253 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Alerian U.S. NextGen Infrastructure ETF

Several hedge funds have recently bought and sold shares of RBLD. Forty three Eighteen Advisors LLC raised its holdings in First Trust Alerian U.S. NextGen Infrastructure ETF by 2.3% during the first quarter. Forty three Eighteen Advisors LLC now owns 22,163 shares of the company’s stock valued at $1,798,000 after buying an additional 507 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Alerian U.S. NextGen Infrastructure ETF by 553.7% during the 4th quarter. Royal Bank of Canada now owns 16,095 shares of the company’s stock valued at $1,202,000 after acquiring an additional 13,633 shares during the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the 1st quarter valued at approximately $784,000. Sanctuary Advisors LLC lifted its holdings in First Trust Alerian U.S. NextGen Infrastructure ETF by 10.8% in the 1st quarter. Sanctuary Advisors LLC now owns 6,258 shares of the company’s stock worth $508,000 after purchasing an additional 608 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. bought a new stake in First Trust Alerian U.S. NextGen Infrastructure ETF during the first quarter worth approximately $292,000.

First Trust Alerian U.S. NextGen Infrastructure ETF Stock Up 1.7%

Shares of RBLD traded up $1.46 during mid-day trading on Thursday, hitting $87.09. 4,274 shares of the company’s stock were exchanged, compared to its average volume of 4,128. The firm has a fifty day moving average of $88.70 and a two-hundred day moving average of $85.18. First Trust Alerian U.S. NextGen Infrastructure ETF has a twelve month low of $72.51 and a twelve month high of $91.07. The stock has a market cap of $56.61 million, a price-to-earnings ratio of 22.48 and a beta of 0.85.

About First Trust Alerian U.S. NextGen Infrastructure ETF

The fund will normally invest at least 90% of its net assets in the common stocks and real estate investment trusts (“ REITs ”) that comprise the index. The index seeks to provide exposure to U.S. infrastructure companies with securities listed on recognized U.S. securities exchanges that build, operate and own infrastructure assets.