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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 75,100 shares, a decline of 44.2% from the September 30th total of 134,700 shares. Based on an average trading volume of 221,000 shares, the days-to-cover ratio is currently 0.3 days.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.4 %

First Trust RBA American Industrial Renaissance ETF stock traded down $0.33 during trading hours on Friday, hitting $75.84. 224,938 shares of the stock traded hands, compared to its average volume of 165,849. The firm’s 50-day moving average price is $73.21 and its two-hundred day moving average price is $70.41. The company has a market cap of $1.82 billion, a PE ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a one year low of $46.71 and a one year high of $78.00.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.0419 per share. This represents a $0.17 annualized dividend and a yield of 0.22%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Large investors have recently bought and sold shares of the company. Carolinas Wealth Consulting LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at approximately $29,000. Concourse Financial Group Securities Inc. boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 80.4% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock worth $53,000 after purchasing an additional 348 shares in the last quarter. ORG Partners LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth approximately $194,000. Register Financial Advisors LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth approximately $199,000. Finally, Accel Wealth Management bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth approximately $204,000.

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.