First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 19.7% in January

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 282,800 shares, a growth of 19.7% from the December 31st total of 236,200 shares. Based on an average daily trading volume, of 602,400 shares, the short-interest ratio is presently 0.5 days.

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

Several institutional investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $25,000. Farther Finance Advisors LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $26,000. Howe & Rusling Inc. purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $40,000. Stonebridge Financial Group LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at $45,000. Finally, Archer Investment Corp purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at $58,000.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.8 %

Shares of AIRR stock opened at $79.33 on Friday. The stock has a market capitalization of $3.39 billion, a PE ratio of 23.16 and a beta of 1.25. The firm has a 50 day moving average of $80.91 and a two-hundred day moving average of $76.58. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $55.94 and a 52 week high of $86.95.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.0561 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.