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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 101,599 shares, a decline of 44.6% from the April 30th total of 183,362 shares. Based on an average daily trading volume, of 878,897 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sankala Group LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 200.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock valued at $36,000 after buying an additional 240 shares in the last quarter. Torren Management LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at $43,000. Finally, Park Square Financial Group LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth $47,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ:AIRR opened at $129.20 on Thursday. The company’s 50-day moving average price is $122.67 and its two-hundred day moving average price is $113.00. First Trust RBA American Industrial Renaissance ETF has a one year low of $77.16 and a one year high of $133.50. The stock has a market capitalization of $10.30 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0668 per share. The ex-dividend date was Thursday, March 26th. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.27 annualized dividend and a yield of 0.2%.

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.