First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Down 44.6% in May

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRRGet Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 101,599 shares, a drop of 44.6% from the April 30th total of 183,362 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 878,897 shares, the days-to-cover ratio is currently 0.1 days.

First Trust RBA American Industrial Renaissance ETF Stock Up 1.0%

NASDAQ:AIRR traded up $1.34 on Wednesday, reaching $130.13. 135,090 shares of the company’s stock traded hands, compared to its average volume of 779,519. The stock has a 50-day simple moving average of $121.90 and a 200-day simple moving average of $112.54. The firm has a market cap of $10.37 billion, a PE ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $77.16 and a 12 month high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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

Several large investors have recently made changes to their positions in the company. Fearless Solutions LLC dba Best Invest increased its stake in First Trust RBA American Industrial Renaissance ETF by 51.6% during the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock worth $2,165,000 after acquiring an additional 7,490 shares during the last quarter. Bank of America Corp DE increased its stake in First Trust RBA American Industrial Renaissance ETF by 17.1% during the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after acquiring an additional 1,036,237 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $5,248,000. Daymark Wealth Partners LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 19.5% during the fourth quarter. Daymark Wealth Partners LLC now owns 74,380 shares of the company’s stock worth $7,313,000 after acquiring an additional 12,127 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $685,000.

First Trust RBA American Industrial Renaissance ETF Company Profile

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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.

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