Short Interest in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Decreases By 51.8%

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 155,086 shares, a decrease of 51.8% from the December 15th total of 322,012 shares. Based on an average trading volume of 470,327 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 470,327 shares, the days-to-cover ratio is presently 0.3 days.

First Trust RBA American Industrial Renaissance ETF Trading Up 0.8%

AIRR opened at $109.69 on Wednesday. The stock has a fifty day moving average price of $99.42 and a 200 day moving average price of $94.35. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $110.21. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.0276 per share. The ex-dividend date was Friday, December 12th. This represents a $0.11 annualized dividend and a dividend yield of 0.1%. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter valued at approximately $33,000. Hazlett Burt & Watson Inc. increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 200.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock worth $36,000 after purchasing an additional 240 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at $41,000. CIBC Private Wealth Group LLC raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock valued at $49,000 after purchasing an additional 260 shares in the last quarter. Finally, Main Street Group LTD acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at $64,000.

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.