First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 9,747 shares, an increase of 92.1% from the April 30th total of 5,075 shares. Based on an average trading volume of 20,154 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.9% of the company’s stock are short sold.
First Trust Alerian U.S. NextGen Infrastructure ETF Stock Performance
Shares of RBLD opened at $89.35 on Thursday. The company’s 50 day moving average price is $86.10 and its 200 day moving average price is $81.39. First Trust Alerian U.S. NextGen Infrastructure ETF has a 52 week low of $69.39 and a 52 week high of $90.34. The company has a market capitalization of $22.34 million, a PE ratio of 22.48 and a beta of 0.87.
Hedge Funds Weigh In On First Trust Alerian U.S. NextGen Infrastructure ETF
Several institutional investors and hedge funds have recently modified their holdings of RBLD. Forty three Eighteen Advisors LLC purchased a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the 4th quarter valued at $1,617,000. Royal Bank of Canada grew its holdings in shares of First Trust Alerian U.S. NextGen Infrastructure ETF by 553.7% during the 4th quarter. Royal Bank of Canada now owns 16,095 shares of the company’s stock valued at $1,202,000 after acquiring an additional 13,633 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the 1st quarter valued at $784,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the 1st quarter valued at $292,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the 2nd quarter valued at $212,000.
About First Trust Alerian U.S. NextGen Infrastructure ETF
The fund will normally invest at least 90% of its net assets in the common stocks and real estate investment trusts (“ REITs ”) that comprise the index. The index seeks to provide exposure to U.S. infrastructure companies with securities listed on recognized U.S. securities exchanges that build, operate and own infrastructure assets.
See Also
- Five stocks we like better than First Trust Alerian U.S. NextGen Infrastructure ETF
- Coke’s $10B India IPO Plan Pops the Top on Hidden Value
- FedEx Unboxes Billions in Post-Spinoff Value
- Marvell’s AI Moment Raises a Bigger Question for Amazon and ServiceNow
- Palo Alto Networks Accelerates Growth 31% on AI Demand
Receive News & Ratings for First Trust Alerian U.S. NextGen Infrastructure ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Alerian U.S. NextGen Infrastructure ETF and related companies with MarketBeat.com's FREE daily email newsletter.
