U.S. Small Cap Equity Active ETF (NASDAQ:RUSC – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,779 shares, a growth of 67.0% from the July 30th total of 2,861 shares. Based on an average daily volume of 6,366 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of RUSC. 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 valued at $286,000 after purchasing an additional 1,316 shares in the last quarter. FSA Advisors Inc. acquired a new position in U.S. Small Cap Equity Active ETF during the 2nd quarter valued at about $452,000. Envestnet Portfolio Solutions Inc. acquired a new position in U.S. Small Cap Equity Active ETF during the 4th quarter valued at about $956,000. Finally, Baird Financial Group Inc. bought a new stake in shares of U.S. Small Cap Equity Active ETF during the 2nd quarter worth about $1,830,000.
U.S. Small Cap Equity Active ETF Stock Performance
Shares of NASDAQ RUSC traded down $0.30 during midday trading on Monday, hitting $37.74. 827 shares of the company’s stock were exchanged, compared to its average volume of 8,676. U.S. Small Cap Equity Active ETF has a twelve month low of $28.87 and a twelve month high of $39.30. The stock’s 50 day moving average price is $38.36 and its 200-day moving average price is $35.93.
About U.S. Small Cap Equity Active ETF
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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