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

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) saw a large decrease in short interest during 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 daily volume of 51,235 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC lifted its holdings in shares of OneAscent Emerging Markets ETF (NYSEARCA:OAEM) by 31.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,208 shares of the company’s stock after purchasing an additional 525 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.10% of OneAscent Emerging Markets ETF worth $81,000 as of its most recent SEC filing.

OneAscent Emerging Markets ETF Stock Up 0.9%

Shares of OAEM traded up $0.40 during mid-day trading on Tuesday, hitting $46.87. 3,246 shares of the company’s stock were exchanged, compared to its average volume of 22,200. The firm has a fifty day moving average of $45.85 and a two-hundred day moving average of $41.54. OneAscent Emerging Markets ETF has a twelve month low of $31.42 and a twelve month high of $50.46. The stock has a market cap of $104.05 million, a price-to-earnings ratio of 13.87 and a beta of 0.89.

OneAscent Emerging Markets ETF Company Profile

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.