Short Interest in U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Increases By 112.2%

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 6,477 shares, a growth of 112.2% from the June 15th total of 3,052 shares. Based on an average daily trading volume, of 48,704 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

U.S. Small Cap Equity Active ETF Stock Up 0.3%

Shares of NASDAQ RUSC opened at $38.25 on Friday. U.S. Small Cap Equity Active ETF has a one year low of $27.42 and a one year high of $39.27. The business’s fifty day moving average price is $37.29 and its 200-day moving average price is $34.69.

Institutional Investors Weigh In On U.S. Small Cap Equity Active ETF

Institutional investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. bought a new position in U.S. Small Cap Equity Active ETF during the second quarter worth about $1,830,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of U.S. Small Cap Equity Active ETF in the fourth quarter worth about $956,000. Finally, Bank of New York Mellon Corp increased its stake in shares of U.S. Small Cap Equity Active ETF by 17.3% in the first quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock worth $286,000 after purchasing an additional 1,316 shares in the last quarter.

U.S. Small Cap Equity Active ETF Company Profile

Russell Investments Exchange Traded Funds – U.S. Small Cap Equity Active ETF is an exchange traded fund launched and managed by Russell Investment Management, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth, value and volatility stocks of small-cap companies, within the market capitalization range of the Russell 2000 Index. The fund employs quantitative analysis to create its portfolio.