U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Sees Significant Decrease in Short Interest

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,249 shares, a decline of 49.8% from the June 30th total of 6,477 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,319 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On U.S. Small Cap Equity Active ETF

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in U.S. Small Cap Equity Active ETF by 17.3% during the first quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock valued at $286,000 after buying 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 during the 4th quarter worth approximately $956,000. Finally, Baird Financial Group Inc. bought a new stake in shares of U.S. Small Cap Equity Active ETF in the 2nd quarter worth approximately $1,830,000.

U.S. Small Cap Equity Active ETF Stock Performance

NASDAQ RUSC remained flat at $37.23 on Thursday. 3,019 shares of the company’s stock traded hands, compared to its average volume of 8,953. U.S. Small Cap Equity Active ETF has a 1 year low of $27.42 and a 1 year high of $39.27. The stock’s fifty day simple moving average is $37.66 and its 200-day simple moving average is $35.08.

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.