Short Interest in OneAscent Emerging Markets ETF (NYSEARCA:OAEM) Drops By 63.9%

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,394 shares, a decrease of 63.9% from the February 26th total of 3,862 shares. Based on an average trading volume of 10,922 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 10,922 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On OneAscent Emerging Markets ETF

A hedge fund recently raised its stake in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC raised its position in shares of OneAscent Emerging Markets ETF (NYSEARCA:OAEM) by 104.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,683 shares of the company’s stock after buying an additional 861 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.09% of OneAscent Emerging Markets ETF worth $58,000 as of its most recent SEC filing.

OneAscent Emerging Markets ETF Stock Performance

Shares of NYSEARCA OAEM opened at $40.48 on Wednesday. The company has a market cap of $89.06 million, a P/E ratio of 13.87 and a beta of 0.79. OneAscent Emerging Markets ETF has a 52-week low of $25.86 and a 52-week high of $45.97. The firm’s fifty day moving average is $41.73 and its two-hundred day moving average is $37.44.

OneAscent Emerging Markets ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.2828 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 77.0%.

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.