Short Interest in First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) Decreases By 53.8%

First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,444 shares, a decline of 53.8% from the June 30th total of 7,453 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 22,253 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Alerian U.S. NextGen Infrastructure ETF

Several hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. grew its position in First Trust Alerian U.S. NextGen Infrastructure ETF by 375.0% in the 4th quarter. Harbour Investments Inc. now owns 380 shares of the company’s stock valued at $28,000 after buying an additional 300 shares during the last quarter. Osaic Holdings Inc. raised its position in First Trust Alerian U.S. NextGen Infrastructure ETF by 87.0% during the 2nd quarter. Osaic Holdings Inc. now owns 430 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the 4th quarter worth $34,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the 2nd quarter worth $248,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the second quarter valued at about $212,000.

First Trust Alerian U.S. NextGen Infrastructure ETF Stock Performance

First Trust Alerian U.S. NextGen Infrastructure ETF stock traded down $0.64 during mid-day trading on Tuesday, reaching $87.68. 772 shares of the company were exchanged, compared to its average volume of 4,151. First Trust Alerian U.S. NextGen Infrastructure ETF has a twelve month low of $72.51 and a twelve month high of $91.07. The firm’s 50-day simple moving average is $88.70 and its two-hundred day simple moving average is $85.03. The firm has a market cap of $56.99 million, a PE ratio of 22.48 and a beta of 0.85.

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.