OneAscent Emerging Markets ETF (NYSEARCA:OAEM) Short Interest Down 96.2% in May

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 433 shares, a decrease of 96.2% from the May 14th total of 11,520 shares. Based on an average trading volume of 51,235 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

OneAscent Emerging Markets ETF Stock Performance

OAEM stock traded up $1.98 during midday trading on Thursday, hitting $48.15. 4,407 shares of the stock were exchanged, compared to its average volume of 21,978. The stock has a market cap of $106.89 million, a price-to-earnings ratio of 13.87 and a beta of 0.89. OneAscent Emerging Markets ETF has a fifty-two week low of $31.42 and a fifty-two week high of $50.46. The stock’s 50-day moving average price is $46.00 and its 200-day moving average price is $41.63.

Institutional Trading of OneAscent Emerging Markets ETF

A hedge fund recently raised its stake in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC raised its position in OneAscent Emerging Markets ETF (NYSEARCA:OAEM) by 104.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,683 shares of the company’s stock after purchasing an additional 861 shares during the period. EverSource Wealth Advisors LLC owned about 0.09% of OneAscent Emerging Markets ETF worth $58,000 at the end of the most recent reporting period.

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.