OneAscent Emerging Markets ETF (NYSEARCA:OAEM) Sees Significant Drop in Short Interest

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 3,110 shares, a decline of 37.9% from the July 15th total of 5,012 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,008 shares, the days-to-cover ratio is presently 0.3 days.

OneAscent Emerging Markets ETF Stock Up 1.0%

OAEM stock traded up $0.47 during midday trading on Wednesday, reaching $47.96. 2,312 shares of the company’s stock traded hands, compared to its average volume of 18,467. The company has a 50-day simple moving average of $47.98 and a two-hundred day simple moving average of $45.49. OneAscent Emerging Markets ETF has a 1-year low of $32.12 and a 1-year high of $51.84. The company has a market cap of $128.05 million, a price-to-earnings ratio of 13.87 and a beta of 0.90.

Institutional Investors Weigh In On OneAscent Emerging Markets ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of OneAscent Emerging Markets ETF in the 2nd quarter valued at $1,435,000. Trust Co. of Vermont acquired a new position in OneAscent Emerging Markets ETF during the 2nd quarter valued at about $79,000. EverSource Wealth Advisors LLC boosted its stake in shares of OneAscent Emerging Markets ETF by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,555 shares of the company’s stock valued at $143,000 after purchasing an additional 1,347 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of OneAscent Emerging Markets ETF by 14.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 10,544 shares of the company’s stock worth $386,000 after buying an additional 1,292 shares during the period.

About OneAscent Emerging Markets ETF

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.