First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Large Growth in Short Interest

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 322,012 shares, a growth of 51.7% from the November 30th total of 212,235 shares. Based on an average trading volume of 583,770 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 583,770 shares, the days-to-cover ratio is presently 0.6 days.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $101.28 on Monday. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $59.22 and a fifty-two week high of $103.60. The stock’s 50-day moving average is $98.22 and its two-hundred day moving average is $92.25. The firm has a market cap of $6.22 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.0276 dividend. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. This represents a $0.11 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, December 12th.

Hedge Funds Weigh In On First Trust RBA American Industrial Renaissance ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 8.3% during the 1st quarter. Comerica Bank now owns 27,681 shares of the company’s stock worth $1,888,000 after buying an additional 2,112 shares during the period. CreativeOne Wealth LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the first quarter valued at about $494,000. Royal Bank of Canada grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 29.1% in the first quarter. Royal Bank of Canada now owns 802,079 shares of the company’s stock valued at $54,710,000 after purchasing an additional 180,581 shares during the last quarter. Flputnam Investment Management Co. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter worth about $1,706,000. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 8.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 4,045 shares of the company’s stock worth $276,000 after purchasing an additional 308 shares during the last quarter.

About First Trust RBA American Industrial Renaissance ETF

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.