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

Emerging Markets Equity Select ETF (NASDAQ:RNEM – Get Free Report) was the target of a significant increase in short interest during 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 sold short. Based on an average trading volume of 327 shares, the short-interest ratio is presently 0.5 days.

Emerging Markets Equity Select ETF Stock Up 0.1%

NASDAQ:RNEM traded up $0.08 during trading hours on Wednesday, reaching $57.00. 276 shares of the company’s stock were exchanged, compared to its average volume of 1,248. Emerging Markets Equity Select ETF has a 1-year low of $46.90 and a 1-year high of $59.01. The firm has a market capitalization of $17.10 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. The company has a 50-day moving average of $56.00 and a 200 day moving average of $55.91.

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About Emerging Markets Equity Select ETF

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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.

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