First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Update

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

First Trust RBA American Industrial Renaissance ETF Stock Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $75.84 on Friday. The company has a market cap of $1.82 billion, a P/E 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. The business has a fifty day moving average of $73.21 and a two-hundred day moving average of $70.38.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cascade Investment Group Inc. boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.2% during the 2nd quarter. Cascade Investment Group Inc. now owns 9,171 shares of the company’s stock worth $626,000 after acquiring an additional 200 shares in the last quarter. First Heartland Consultants Inc. grew its holdings in First Trust RBA American Industrial Renaissance ETF by 5.2% in the second quarter. First Heartland Consultants Inc. now owns 5,941 shares of the company’s stock valued at $406,000 after purchasing an additional 295 shares during the last quarter. Concourse Financial Group Securities Inc. increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 80.4% in the second quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after buying an additional 348 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 4.3% during the 1st quarter. Atomi Financial Group Inc. now owns 8,615 shares of the company’s stock worth $580,000 after buying an additional 353 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth about $29,000.

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.