First Trust RBA American Industrial Renaissance ETF AIRR
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
First Trust RBA American Industrial Renaissance ETF (AIRR) Investment Strategy and Portfolio Holdings Overview
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors.
Key Insights
First Trust RBA American Industrial Renaissance ETF (AIRR) Essential ETF Metrics and Performance Data
Latest Closing Price
$91.54Market Cap
$4.59 BillionAverage Daily Volume
555,439 Shares52-Week Range
$59.23-$93.22Total Outstanding Shares
54.05 Million SharesCurrent Dividend
$0.07 Per Share QuarterlyInception Date
March 11, 2014