First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Short Interest Up 7.5% in October

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 80,700 shares, an increase of 7.5% from the October 15th total of 75,100 shares. Based on an average trading volume of 274,900 shares, the short-interest ratio is presently 0.3 days.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.8 %

Shares of AIRR stock opened at $81.85 on Monday. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $50.19 and a twelve month high of $85.97. The company’s 50-day moving average price is $75.97 and its 200-day moving average price is $72.20. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.0419 dividend. This represents a $0.17 annualized dividend and a yield of 0.20%. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morse Asset Management Inc purchased a new position in First Trust RBA American Industrial Renaissance ETF in the third quarter worth approximately $25,000. Farther Finance Advisors LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth $26,000. Carolinas Wealth Consulting LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter worth about $29,000. Howe & Rusling Inc. purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at about $40,000. Finally, Concourse Financial Group Securities Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 80.4% in the second quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after buying an additional 348 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.