First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 89.7% in January

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 294,202 shares, an increase of 89.7% from the December 31st total of 155,086 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 929,988 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 929,988 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are short sold.

First Trust RBA American Industrial Renaissance ETF Stock Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $112.62 on Friday. The company has a market capitalization of $7.74 billion, a PE ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $59.22 and a fifty-two week high of $115.80. The firm has a 50 day moving average price of $103.59 and a 200 day moving average price of $96.62.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.0276 per share. This is an increase 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

A number of hedge funds have recently bought and sold shares of AIRR. Armstrong Advisory Group Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $33,000. Hazlett Burt & Watson Inc. boosted its position 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 acquiring an additional 240 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth about $64,000. Finally, Founders Financial Alliance LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth about $80,000.

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.