First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 85.8% in June

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 234,969 shares, an increase of 85.8% from the May 31st total of 126,452 shares. Based on an average daily volume of 584,374 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ AIRR traded down $2.74 during midday trading on Wednesday, reaching $130.51. The stock had a trading volume of 119,467 shares, compared to its average volume of 765,157. The company’s 50 day moving average price is $128.12 and its 200 day moving average price is $117.45. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $82.21 and a twelve month high of $135.05. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Koshinski Asset Management Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF by 3.9% during the first quarter. Koshinski Asset Management Inc. now owns 2,186 shares of the company’s stock valued at $242,000 after acquiring an additional 82 shares during the last quarter. Altus Wealth Group LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 1.0% in the 1st quarter. Altus Wealth Group LLC now owns 8,884 shares of the company’s stock worth $984,000 after acquiring an additional 86 shares in the last quarter. Condor Capital Management raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 2.1% in the 4th quarter. Condor Capital Management now owns 4,419 shares of the company’s stock worth $435,000 after acquiring an additional 89 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 10.8% in the 1st quarter. Sound Income Strategies LLC now owns 927 shares of the company’s stock valued at $105,000 after purchasing an additional 90 shares during the period. Finally, Cozad Asset Management Inc. lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 4.6% in the 1st quarter. Cozad Asset Management Inc. now owns 2,189 shares of the company’s stock valued at $242,000 after purchasing an additional 96 shares during the period.

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.