Emerging Markets Equity Select ETF (NASDAQ:RNEM) Short Interest Up 930.2% in June

Emerging Markets Equity Select ETF (NASDAQ:RNEMGet Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 989 shares, an increase of 930.2% from the June 15th total of 96 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 420 shares, the short-interest ratio is presently 2.4 days.

Emerging Markets Equity Select ETF Stock Performance

Shares of RNEM stock traded up $0.56 during trading hours on Friday, hitting $55.97. 238 shares of the company were exchanged, compared to its average volume of 1,463. The firm has a market cap of $16.79 million, a P/E ratio of 15.10 and a beta of 0.44. Emerging Markets Equity Select ETF has a fifty-two week low of $46.90 and a fifty-two week high of $59.01. The company has a 50 day simple moving average of $55.23 and a two-hundred day simple moving average of $55.91.

Emerging Markets Equity Select ETF Company Profile

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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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