Emerging Markets Equity Select ETF (NASDAQ:RNEM) Sees Large Decline in Short Interest

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 12 shares, a decrease of 93.7% from the July 15th total of 190 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 604 shares, the days-to-cover ratio is currently 0.0 days.

Emerging Markets Equity Select ETF Stock Performance

RNEM traded down $0.42 on Thursday, hitting $56.19. The company had a trading volume of 99 shares, compared to its average volume of 1,311. The stock has a fifty day moving average price of $55.74 and a 200-day moving average price of $55.97. Emerging Markets Equity Select ETF has a 12-month low of $46.90 and a 12-month high of $59.01. The stock has a market capitalization of $16.86 million, a price-to-earnings ratio of 15.10 and a beta of 0.44.

Emerging Markets Equity Select ETF Company Profile

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.