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 large drop in short interest during the month of September. As of September 15th, there was short interest totalling 68,100 shares, a drop of 24.3% from the August 31st total of 90,000 shares. Based on an average trading volume of 237,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Hedge funds have recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth approximately $27,000. Carolinas Wealth Consulting LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth approximately $29,000. Concourse Financial Group Securities Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 80.4% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock worth $53,000 after buying an additional 348 shares during the last quarter. Register Financial Advisors LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth approximately $199,000. Finally, Accel Wealth Management bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth approximately $204,000.

First Trust RBA American Industrial Renaissance ETF Trading Up 0.4 %

Shares of AIRR opened at $74.41 on Friday. The company has a market cap of $1.46 billion, a PE ratio of 23.16 and a beta of 1.25. The stock has a 50-day moving average price of $71.20 and a 200-day moving average price of $68.99. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $46.71 and a 12-month high of $75.92.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.0419 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Thursday, September 26th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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.