First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 106.4% in July

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 557,000 shares, agrowthof106.4% from the July 15th total of 269,800 shares. Currently,1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 477,500 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 477,500 shares, the short-interest ratio is presently 1.2 days. Currently,1.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust RBA American Industrial Renaissance ETF

Large investors have recently modified their holdings of the business. Salomon & Ludwin LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at $27,000. TD Capital Management LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at $27,000. Capital Analysts LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 53.2% in the 1st quarter. Capital Analysts LLC now owns 409 shares of the company’s stock valued at $28,000 after purchasing an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 84.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 460 shares of the company’s stock valued at $31,000 after purchasing an additional 210 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at $33,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ AIRR opened at $90.51 on Tuesday. The stock’s fifty day moving average is $84.17 and its two-hundred day moving average is $76.49. The firm has a market capitalization of $4.75 billion, a P/E ratio of 21.40 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $59.22 and a fifty-two week high of $92.58.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.0662 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 26th.

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.