U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Short Interest Update

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,779 shares, an increase of 67.0% from the July 30th total of 2,861 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 6,366 shares, the days-to-cover ratio is presently 0.8 days.

U.S. Small Cap Equity Active ETF Trading Down 1.2%

Shares of NASDAQ:RUSC traded down $0.47 on Tuesday, hitting $37.36. 3,651 shares of the company’s stock were exchanged, compared to its average volume of 8,656. The firm’s 50-day moving average is $38.35 and its 200 day moving average is $35.95. U.S. Small Cap Equity Active ETF has a 1-year low of $28.87 and a 1-year high of $39.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of U.S. Small Cap Equity Active ETF by 17.3% during the first quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock worth $286,000 after acquiring an additional 1,316 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in U.S. Small Cap Equity Active ETF in the 4th quarter valued at about $956,000. Finally, Baird Financial Group Inc. acquired a new position in U.S. Small Cap Equity Active ETF during the 2nd quarter valued at about $1,830,000.

U.S. Small Cap Equity Active ETF Company Profile

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.