First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) Short Interest Update

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

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

Shares of RBLD traded down $0.64 during midday trading on Tuesday, reaching $87.68. 772 shares of the stock were exchanged, compared to its average volume of 4,151. The business’s 50-day moving average price is $88.70 and its 200 day moving average price is $85.03. 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 company has a market capitalization of $56.99 million, a price-to-earnings ratio of 22.48 and a beta of 0.85.

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

Large investors have recently modified their holdings of the company. Dynamic Advisor Solutions LLC purchased a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the second quarter worth approximately $248,000. Forty three Eighteen Advisors LLC boosted its stake in First Trust Alerian U.S. NextGen Infrastructure ETF by 2.3% during the 1st quarter. Forty three Eighteen Advisors LLC now owns 22,163 shares of the company’s stock worth $1,798,000 after purchasing an additional 507 shares during the period. Sanctuary Advisors LLC boosted its stake in First Trust Alerian U.S. NextGen Infrastructure ETF by 10.8% during the 1st quarter. Sanctuary Advisors LLC now owns 6,258 shares of the company’s stock worth $508,000 after purchasing an additional 608 shares during the period. Sterling Investment Advisors Ltd. purchased a new position in First Trust Alerian U.S. NextGen Infrastructure ETF during the 1st quarter worth $292,000. Finally, Royal Bank of Canada grew its position in First Trust Alerian U.S. NextGen Infrastructure ETF by 553.7% during the 4th quarter. Royal Bank of Canada now owns 16,095 shares of the company’s stock worth $1,202,000 after purchasing an additional 13,633 shares during the last quarter.

About First Trust Alerian U.S. NextGen Infrastructure ETF

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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.

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