Emerging Markets Equity Select ETF (NASDAQ:RNEM) Shares Shorted: Short Interest Down 94.7% in September

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 24 shares, a drop of 94.7% from the September 15th total of 454 shares. Based on an average trading volume of 7,623 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Emerging Markets Equity Select ETF Stock Up 1.0%

RNEM stock traded up $0.54 during midday trading on Friday, reaching $55.72. The company had a trading volume of 698 shares, compared to its average volume of 1,598. The firm has a market capitalization of $16.71 million, a PE ratio of 15.10 and a beta of 0.43. The stock has a 50 day moving average price of $56.46 and a 200 day moving average price of $55.85. Emerging Markets Equity Select ETF has a fifty-two week low of $46.90 and a fifty-two week high of $59.01.

Emerging Markets Equity Select ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.6346 per share. This represents a $2.54 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Thursday, September 24th. This is a positive change from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.3481.

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.