First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 86.6% in November

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 375,000 shares, an increase of 86.6% from the November 15th total of 201,000 shares. Based on an average trading volume of 389,600 shares, the days-to-cover ratio is presently 1.0 days.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ:AIRR opened at $82.06 on Friday. First Trust RBA American Industrial Renaissance ETF has a one year low of $53.29 and a one year high of $86.95. The business’s 50-day simple moving average is $80.60 and its 200 day simple moving average is $74.17. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.0561 per share. The ex-dividend date is Friday, December 13th.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Hedge funds have recently made changes to their positions in the stock. Morse Asset Management Inc acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $25,000. Farther Finance Advisors LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $26,000. Carolinas Wealth Consulting LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF in the second quarter worth about $29,000. Howe & Rusling Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $40,000. Finally, 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 valued at $53,000 after buying an additional 348 shares in the last quarter.

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.