Short Interest in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Decreases By 57.4%

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 117,800 shares, a drop of 57.4% from the February 13th total of 276,500 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 676,400 shares, the short-interest ratio is presently 0.2 days.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $69.06 on Friday. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $61.36 and a 52 week high of $86.95. The stock has a 50 day moving average price of $76.70 and a two-hundred day moving average price of $77.25. The stock has a market capitalization of $3.02 billion, a PE ratio of 20.03 and a beta of 1.25.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in First Trust RBA American Industrial Renaissance ETF by 184.3% in the third quarter. Jane Street Group LLC now owns 30,051 shares of the company’s stock valued at $2,244,000 after acquiring an additional 19,481 shares during the period. Farther Finance Advisors LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $26,000. FMR LLC grew its stake in First Trust RBA American Industrial Renaissance ETF by 62.5% in the third quarter. FMR LLC now owns 2,705 shares of the company’s stock valued at $202,000 after acquiring an additional 1,040 shares during the period. Benjamin Edwards Inc. acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $2,455,000. Finally, JPMorgan Chase & Co. grew its stake in First Trust RBA American Industrial Renaissance ETF by 121.6% in the third quarter. JPMorgan Chase & Co. now owns 50,548 shares of the company’s stock valued at $3,774,000 after acquiring an additional 27,739 shares during the period.

First Trust RBA American Industrial Renaissance ETF Company Profile

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.