First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 85.8% in June

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 234,969 shares, a growth of 85.8% from the May 31st total of 126,452 shares. Based on an average daily volume of 584,374 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock valued at $1,041,002,000 after purchasing an additional 10,198,584 shares in the last quarter. Bank of America Corp DE lifted its stake in First Trust RBA American Industrial Renaissance ETF by 11.6% in the 1st quarter. Bank of America Corp DE now owns 9,675,697 shares of the company’s stock valued at $1,071,874,000 after acquiring an additional 1,004,172 shares in the last quarter. Morgan Stanley boosted its position in First Trust RBA American Industrial Renaissance ETF by 12.2% during the 4th quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock worth $519,083,000 after acquiring an additional 575,709 shares during the last quarter. LPL Financial LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 12.0% during the 4th quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock worth $449,345,000 after acquiring an additional 490,347 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 28.0% during the 4th quarter. Raymond James Financial Inc. now owns 2,325,393 shares of the company’s stock worth $228,633,000 after acquiring an additional 508,440 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Down 2.7%

First Trust RBA American Industrial Renaissance ETF stock opened at $125.91 on Friday. The stock has a market capitalization of $10.82 billion, a PE ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $82.22 and a twelve month high of $135.05. The company has a 50 day moving average of $128.28 and a 200-day moving average of $117.81.

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.