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 recipient 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. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 584,374 shares, the days-to-cover ratio is currently 0.4 days.

First Trust RBA American Industrial Renaissance ETF Trading Down 2.1%

NASDAQ AIRR traded down $2.74 on Wednesday, reaching $130.51. The company’s stock had a trading volume of 119,467 shares, compared to its average volume of 765,157. The business has a 50-day moving average price of $128.12 and a 200 day moving average price of $117.45. The firm has a market cap of $10.40 billion, a PE ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $82.21 and a 52 week high of $135.05.

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

A number of hedge funds have recently made changes to their positions in the company. Fearless Solutions LLC dba Best Invest lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 51.6% during the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock worth $2,165,000 after buying an additional 7,490 shares during the period. Bank of America Corp DE increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% in the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after buying an additional 1,036,237 shares during the period. Mach 1 Financial Group LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth about $5,248,000. Redhawk Wealth Advisors Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth about $685,000. Finally, WealthBridge Capital Management LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 13.7% in the fourth quarter. WealthBridge Capital Management LLC now owns 47,898 shares of the company’s stock worth $4,709,000 after acquiring an additional 5,789 shares during the period.

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.