Emerging Markets Equity Select ETF (NASDAQ:RNEM) Short Interest Update

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 12 shares, a decrease of 93.7% from the July 15th total of 190 shares. Based on an average trading volume of 604 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Emerging Markets Equity Select ETF Price Performance

RNEM traded down $0.03 during trading on Wednesday, reaching $56.58. 227 shares of the stock traded hands, compared to its average volume of 1,319. Emerging Markets Equity Select ETF has a fifty-two week low of $46.90 and a fifty-two week high of $59.01. The stock’s 50-day simple moving average is $55.70 and its two-hundred day simple moving average is $55.98. The stock has a market cap of $16.97 million, a price-to-earnings ratio of 15.10 and a beta of 0.44.

Emerging Markets Equity Select ETF Company Profile

The First Trust Emerging Markets Equity Select ETF (RNEM) is an exchange-traded fund that is based on the Nasdaq Riskalyze Emerging Markets index. The fund tracks a tier-weighted index of emerging-market stocks selected for low volatility. RNEM was launched on Jun 20, 2017 and is managed by First Trust.