First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Down 24.3% in September

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 68,100 shares, a decrease of 24.3% from the August 31st total of 90,000 shares. Based on an average trading volume of 237,200 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 $74.41 on Friday. The company has a market cap of $1.46 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 $75.92. The business has a fifty day moving average of $71.20 and a two-hundred day moving average of $68.99.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a $0.0419 dividend. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.17 annualized dividend and a dividend yield of 0.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. VitalStone Financial LLC grew its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 11.2% in the 4th quarter. VitalStone Financial LLC now owns 6,613 shares of the company’s stock worth $382,000 after acquiring an additional 667 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 115.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 175,000 shares of the company’s stock valued at $11,783,000 after buying an additional 93,800 shares in the last quarter. Raymond James & Associates raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 7.6% during the 2nd quarter. Raymond James & Associates now owns 335,824 shares of the company’s stock worth $22,940,000 after buying an additional 23,754 shares during the last quarter. Prudential PLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth about $2,732,000. Finally, Wealthcare Advisory Partners LLC grew its stake in First Trust RBA American Industrial Renaissance ETF by 82.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,440 shares of the company’s stock valued at $636,000 after acquiring an additional 4,258 shares during the last quarter.

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.