U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Sees Large Drop in Short Interest

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 3,052 shares, a decline of 54.2% from the May 31st total of 6,664 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,214 shares, the short-interest ratio is currently 0.5 days.

U.S. Small Cap Equity Active ETF Trading Down 0.4%

U.S. Small Cap Equity Active ETF stock traded down $0.14 during mid-day trading on Wednesday, reaching $38.90. The company had a trading volume of 9,070 shares, compared to its average volume of 9,199. U.S. Small Cap Equity Active ETF has a 1 year low of $27.42 and a 1 year high of $39.27. The stock’s 50-day simple moving average is $36.68 and its 200-day simple moving average is $34.14.

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

A number of institutional investors and hedge funds have recently modified their holdings of RUSC. Bank of New York Mellon Corp increased its stake in U.S. Small Cap Equity Active ETF by 17.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock valued at $286,000 after purchasing an additional 1,316 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in U.S. Small Cap Equity Active ETF during the fourth quarter worth $956,000. Finally, Baird Financial Group Inc. purchased a new stake in U.S. Small Cap Equity Active ETF during the second quarter worth $1,830,000.

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.