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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 290,300 shares, a growth of 105.6% from the April 30th total of 141,200 shares. Based on an average daily trading volume, of 509,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are sold short.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ AIRR opened at $76.58 on Friday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $86.95. The stock has a market capitalization of $3.45 billion, a P/E ratio of 21.06 and a beta of 1.25. The business’s fifty day moving average is $70.91 and its two-hundred day moving average is $75.61.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.39%. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, March 27th.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 15.0% during the first quarter. Nova Wealth Management Inc. now owns 5,608 shares of the company’s stock valued at $383,000 after purchasing an additional 730 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 47.0% during the first quarter. Geneos Wealth Management Inc. now owns 5,100 shares of the company’s stock valued at $348,000 after purchasing an additional 1,631 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the first quarter valued at approximately $866,000. Strive Asset Management LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the first quarter valued at approximately $2,055,000. Finally, Integrity Alliance LLC. acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the first quarter valued at approximately $780,000.

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.