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 in 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. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 584,374 shares, the short-interest ratio is presently 0.4 days.

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

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

First Trust RBA American Industrial Renaissance ETF Trading Down 0.4%

AIRR stock traded down $0.53 during mid-day trading on Thursday, reaching $128.83. 155,802 shares of the stock traded hands, compared to its average volume of 765,789. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $82.22 and a 52-week high of $135.05. The stock’s fifty day moving average is $128.22 and its 200-day moving average is $117.63. The company has a market cap of $11.07 billion, a P/E ratio of 21.40 and a beta of 1.27.

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.