Emerging Markets Equity Select ETF (NASDAQ:RNEM) Stock Short Interest Climbs 208.8%

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 454 shares, an increase of 208.8% from the August 31st total of 147 shares. Based on an average trading volume of 539 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Emerging Markets Equity Select ETF Price Performance

RNEM stock traded up $0.10 during midday trading on Friday, reaching $55.41. 1,322 shares of the company were exchanged, compared to its average volume of 1,545. Emerging Markets Equity Select ETF has a one year low of $46.90 and a one year high of $59.01. The firm has a market capitalization of $16.62 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. The business has a 50-day moving average price of $56.69 and a two-hundred day moving average price of $55.79.

Emerging Markets Equity Select ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a $0.6346 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.54 dividend on an annualized basis and a yield of 4.6%. This is an increase from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.3481.

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.