Emerging Markets Equity Select ETF (NASDAQ:RNEM) Stock Short Interest Falls 94.7%

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 24 shares, a drop of 94.7% from the September 15th total of 454 shares. Based on an average trading volume of 7,623 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Emerging Markets Equity Select ETF Trading Up 1.0%

Emerging Markets Equity Select ETF stock traded up $0.54 during trading on Friday, hitting $55.72. The company had a trading volume of 698 shares, compared to its average volume of 1,598. The stock has a market cap of $16.71 million, a price-to-earnings ratio of 15.10 and a beta of 0.43. Emerging Markets Equity Select ETF has a 1-year low of $46.90 and a 1-year high of $59.01. The company’s 50 day simple moving average is $56.46 and its 200-day simple moving average is $55.84.

Emerging Markets Equity Select ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.6346 per share. This is a boost from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.3481. This represents a $2.54 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, September 24th.

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.