Emerging Markets Equity Select ETF (NASDAQ:RNEM) Short Interest Update

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 153 shares, a growth of 1,175.0% from the July 30th total of 12 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 327 shares, the days-to-cover ratio is currently 0.5 days.

Emerging Markets Equity Select ETF Stock Up 0.7%

RNEM stock traded up $0.38 during mid-day trading on Tuesday, reaching $56.76. 276 shares of the stock traded hands, compared to its average volume of 1,248. The firm has a market capitalization of $17.03 million, a PE ratio of 15.10 and a beta of 0.44. The business has a 50-day moving average of $56.00 and a two-hundred day moving average of $55.91. Emerging Markets Equity Select ETF has a 52 week low of $46.90 and a 52 week high of $59.01.

About Emerging Markets Equity Select ETF

The First Trust Emerging Markets Equity Select ETF (RNEM) is an exchange-traded fund that is based on the Nasdaq Riskalyze Emerging Markets index. The fund tracks a tier-weighted index of emerging-market stocks selected for low volatility. RNEM was launched on Jun 20, 2017 and is managed by First Trust.