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

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 153 shares, an increase of 1,175.0% from the July 30th total of 12 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 327 shares, the days-to-cover ratio is currently 0.5 days.

Emerging Markets Equity Select ETF Stock Performance

Emerging Markets Equity Select ETF stock opened at $57.05 on Thursday. The firm has a market capitalization of $17.12 million, a PE ratio of 15.10 and a beta of 0.44. Emerging Markets Equity Select ETF has a one year low of $46.90 and a one year high of $59.01. The stock’s 50 day moving average price is $56.02 and its 200 day moving average price is $55.91.

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.