U.S. Small Cap Equity Active ETF (NASDAQ:RUSC – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,052 shares, a drop of 54.2% from the May 31st total of 6,664 shares. Based on an average daily trading volume, of 6,214 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Investors Weigh In On U.S. Small Cap Equity Active ETF
Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in U.S. Small Cap Equity Active ETF by 17.3% in the first quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock valued at $286,000 after purchasing an additional 1,316 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of U.S. Small Cap Equity Active ETF in the fourth quarter valued at approximately $956,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of U.S. Small Cap Equity Active ETF in the second quarter valued at approximately $1,830,000.
U.S. Small Cap Equity Active ETF Stock Up 0.6%
RUSC traded up $0.24 on Tuesday, hitting $39.08. 15,132 shares of the company traded hands, compared to its average volume of 9,200. The company has a 50 day moving average of $36.68 and a 200-day moving average of $34.14. U.S. Small Cap Equity Active ETF has a 12-month low of $27.42 and a 12-month high of $39.12.
About U.S. Small Cap Equity Active ETF
Russell Investments Exchange Traded Funds – U.S. Small Cap Equity Active ETF is an exchange traded fund launched and managed by Russell Investment Management, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth, value and volatility stocks of small-cap companies, within the market capitalization range of the Russell 2000 Index. The fund employs quantitative analysis to create its portfolio.
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