First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Update

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 79,200 shares, a drop of 32.8% from the February 28th total of 117,800 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 664,000 shares, the days-to-cover ratio is presently 0.1 days.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ AIRR opened at $68.27 on Friday. The business’s fifty day moving average is $74.72 and its 200 day moving average is $77.21. The company has a market capitalization of $2.99 billion, a PE ratio of 22.32 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $61.36 and a fifty-two week high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.075 per share. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, March 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AIRR. Bank of America Corp DE lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 136.1% during the fourth quarter. Bank of America Corp DE now owns 3,533,091 shares of the company’s stock valued at $272,189,000 after purchasing an additional 2,036,464 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at $137,940,000. Wells Fargo & Company MN purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at $69,810,000. LPL Financial LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 42.7% in the 4th quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock worth $204,497,000 after buying an additional 794,494 shares during the period. Finally, Meitav Investment House Ltd. purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth $26,942,000.

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.