U.S. Small Cap Equity Active ETF (NASDAQ:RUSC – Get Free Report) saw a large drop in short interest during the month of 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 volume of 6,319 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.
U.S. Small Cap Equity Active ETF Stock Performance
Shares of NASDAQ RUSC traded up $0.02 during midday trading on Tuesday, reaching $37.95. 6,706 shares of the company were exchanged, compared to its average volume of 9,039. U.S. Small Cap Equity Active ETF has a 1 year low of $27.42 and a 1 year high of $39.27. The stock has a fifty day simple moving average of $37.57 and a 200 day simple moving average of $35.01.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 1,316 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in U.S. Small Cap Equity Active ETF in the 4th quarter valued at $956,000. Finally, Baird Financial Group Inc. acquired a new position in U.S. Small Cap Equity Active ETF in the 2nd quarter valued at $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.
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