U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Short Interest Down 49.8% in July

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 3,249 shares, a drop of 49.8% from the June 30th total of 6,477 shares. Based on an average daily trading volume, of 6,319 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

U.S. Small Cap Equity Active ETF Price Performance

U.S. Small Cap Equity Active ETF stock traded down $0.67 during trading hours on Wednesday, hitting $37.23. The company had a trading volume of 3,019 shares, compared to its average volume of 8,953. The company has a 50-day moving average price of $37.63 and a two-hundred day moving average price of $35.05. U.S. Small Cap Equity Active ETF has a 1 year low of $27.42 and a 1 year high of $39.27.

Institutional Trading of U.S. Small Cap Equity Active ETF

Large investors have recently modified their holdings of the company. Baird Financial Group Inc. purchased a new position in U.S. Small Cap Equity Active ETF during the 2nd quarter worth $1,830,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of U.S. Small Cap Equity Active ETF in the 4th quarter worth $956,000. Finally, Bank of New York Mellon Corp grew its position in shares of U.S. Small Cap Equity Active ETF by 17.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock worth $286,000 after buying an additional 1,316 shares in the last quarter.

About U.S. Small Cap Equity Active ETF

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.