AIRR Stock Summary and Trading Ideas (First Trust Rba American Industrial Renaissance ETF | NASDAQ:AIRR)

First Trust RBA American Industrial Renaissance ETF is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond to an index called the Richard Bernstein Advisors American Industrial Renaissance Index.The Index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors.

First Trust Rba American Industrial Renaissance ETF trades on the NASDAQ stock market under the symbol AIRR.

As of April 17, 2024, AIRR stock price declined to $61.80 with 111,003 million shares trading.

AIRR has a beta of 1.21, meaning it tends to be more sensitive to market movements. AIRR has a correlation of 0.49 to the broad based SPY ETF.

AIRR has a market cap of $846.66 million. This is considered a Small Cap stock.

In the last 3 years, AIRR stock traded as high as $67.74 and as low as $36.11.

AIRR has outperformed the market in the last year with a return of +35.4%, while the SPY ETF gained +23.0%. In the last 3 month period, AIRR beat the market returning +13.7%, while SPY returned +5.7%. However, in the most recent 2 weeks AIRR has underperformed the stock market by returning -6.2%, while SPY returned -3.5%.

AIRR support price is $61.68 and resistance is $63.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIRR stock will trade within this expected range on the day.