Short Interest in Emerging Markets Equity Select ETF (NASDAQ:RNEM) Increases By 1,175.0%

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 153 shares, an increase of 1,175.0% from the July 30th total of 12 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 327 shares, the short-interest ratio is currently 0.5 days.

Emerging Markets Equity Select ETF Price Performance

Shares of NASDAQ RNEM traded up $0.38 during trading hours on Tuesday, reaching $56.76. The stock had a trading volume of 276 shares, compared to its average volume of 1,248. The company has a market cap of $17.03 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. Emerging Markets Equity Select ETF has a twelve month low of $46.90 and a twelve month high of $59.01. The business’s fifty day moving average is $56.00 and its two-hundred day moving average is $55.91.

About Emerging Markets Equity Select ETF

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.