First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) Sees Large Growth in Short Interest

First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 9,747 shares, a growth of 92.1% from the April 30th total of 5,075 shares. Based on an average daily trading volume, of 20,154 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.9% of the company’s stock are sold short.

First Trust Alerian U.S. NextGen Infrastructure ETF Trading Down 0.1%

RBLD stock opened at $88.12 on Tuesday. First Trust Alerian U.S. NextGen Infrastructure ETF has a twelve month low of $69.39 and a twelve month high of $90.34. The company has a market capitalization of $22.03 million, a P/E ratio of 22.48 and a beta of 0.87. The firm has a 50 day simple moving average of $85.73 and a 200-day simple moving average of $81.20.

Institutional Trading of First Trust Alerian U.S. NextGen Infrastructure ETF

A number of hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. lifted its position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF by 375.0% during the fourth quarter. Harbour Investments Inc. now owns 380 shares of the company’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF by 87.0% during the second quarter. Osaic Holdings Inc. now owns 430 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the fourth quarter worth about $34,000. Optivise Advisory Services LLC bought a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the fourth quarter worth about $207,000. Finally, Raymond James Financial Inc. bought a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the second quarter worth about $212,000.

About First Trust Alerian U.S. NextGen Infrastructure ETF

The fund will normally invest at least 90% of its net assets in the common stocks and real estate investment trusts (“ REITs ”) that comprise the index. The index seeks to provide exposure to U.S. infrastructure companies with securities listed on recognized U.S. securities exchanges that build, operate and own infrastructure assets.