International Developed Equity Active ETF (NASDAQ:RINT) Sees Significant Decrease in Short Interest

International Developed Equity Active ETF (NASDAQ:RINT) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 6,213 shares, a decrease of 98.1% from the October 15th total of 335,820 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 22,906 shares, the days-to-cover ratio is presently 0.3 days.

International Developed Equity Active ETF Stock Down 1.1%

NASDAQ:RINT opened at $31.88 on Wednesday. The company has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $31.52. The company has a market cap of $167.05 million, a price-to-earnings ratio of 16.57 and a beta of 0.70. International Developed Equity Active ETF has a 52 week low of $27.35 and a 52 week high of $35.93.

Institutional Investors Weigh In On International Developed Equity Active ETF

An institutional investor recently raised its stake in International Developed Equity Active ETF stock. Bank of New York Mellon Corp increased its stake in shares of International Developed Equity Active ETF (NASDAQ:RINT) by 20.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,959 shares of the company’s stock after buying an additional 5,424 shares during the period. Bank of New York Mellon Corp owned about 0.76% of International Developed Equity Active ETF worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

International Developed Equity Active ETF Company Profile

Russell Investments Exchange Traded Funds – International Developed Equity Active ETF is an exchange traded fund launched and managed by Russell Investment Management, LLC. It invests in public equity markets of global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth, value and volatility stocks of companies across diversified market capitalization, within the market capitalization range of the MSCI World ex USA Index. The fund employs fundamental and quantitative analysis to create its portfolio.