OneAscent Emerging Markets ETF (NYSEARCA:OAEM) Sees Large Decline in Short Interest

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,323 shares, a decline of 67.5% from the August 31st total of 10,211 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 27,581 shares, the days-to-cover ratio is presently 0.1 days.

OneAscent Emerging Markets ETF Stock Up 1.4%

OAEM traded up $0.67 during trading on Friday, hitting $50.18. The company’s stock had a trading volume of 8,596 shares, compared to its average volume of 18,117. OneAscent Emerging Markets ETF has a one year low of $33.23 and a one year high of $51.84. The firm has a market cap of $129.46 million, a PE ratio of 13.87 and a beta of 0.90. The business’s 50 day simple moving average is $48.30 and its 200-day simple moving average is $46.77.

Hedge Funds Weigh In On OneAscent Emerging Markets ETF

An institutional investor recently raised its stake in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC raised its stake in shares of OneAscent Emerging Markets ETF (NYSEARCA:OAEM) by 61.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,555 shares of the company’s stock after purchasing an additional 1,347 shares during the period. EverSource Wealth Advisors LLC owned 0.16% of OneAscent Emerging Markets ETF worth $143,000 as of its most recent SEC filing.

About OneAscent Emerging Markets ETF

The OneAscent Emerging Markets ETF (OAEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in an equity portfolio of large-, mid-, and small-cap emerging market companies. The fund combines an ESG screening methodology with its fundamental investment process. OAEM was launched on Sep 15, 2022 and is managed by Oneascent.