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

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 8,397 shares, a growth of 152.7% from the September 15th total of 3,323 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 39,766 shares, the short-interest ratio is currently 0.2 days.

OneAscent Emerging Markets ETF Price Performance

Shares of NYSEARCA OAEM traded down $1.07 during trading hours on Wednesday, hitting $47.57. 3,800 shares of the company’s stock were exchanged, compared to its average volume of 19,750. The company’s 50-day moving average price is $49.04 and its 200-day moving average price is $47.54. OneAscent Emerging Markets ETF has a 1-year low of $33.23 and a 1-year high of $51.84. The stock has a market capitalization of $132.24 million, a price-to-earnings ratio of 13.87 and a beta of 0.90.

Institutional Inflows and Outflows

A hedge fund recently raised its position in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC grew its holdings in OneAscent Emerging Markets ETF (NYSEARCA:OAEM) by 61.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,555 shares of the company’s stock after acquiring an additional 1,347 shares during the quarter. EverSource Wealth Advisors LLC owned 0.16% of OneAscent Emerging Markets ETF worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

OneAscent Emerging Markets ETF Company Profile

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.