Emerging Markets Equity Select ETF (NASDAQ:RNEM) Sees Large Decrease in Short Interest

Emerging Markets Equity Select ETF (NASDAQ:RNEM – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 12 shares, a drop of 93.7% from the July 15th total of 190 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 604 shares, the short-interest ratio is currently 0.0 days.

Emerging Markets Equity Select ETF Price Performance

Shares of Emerging Markets Equity Select ETF stock traded down $0.46 on Tuesday, reaching $56.59. The company had a trading volume of 227 shares, compared to its average volume of 1,319. The firm has a market cap of $16.98 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. The firm’s 50-day moving average price is $55.70 and its two-hundred day moving average price is $55.98. Emerging Markets Equity Select ETF has a 1 year low of $46.90 and a 1 year high of $59.01.

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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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