Emerging Markets Equity Select ETF (NASDAQ:RNEM) Short Interest Down 81.8% in March

Emerging Markets Equity Select ETF (NASDAQ:RNEM) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 116 shares, a decline of 81.8% from the March 15th total of 639 shares. Based on an average daily volume of 1,464 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Emerging Markets Equity Select ETF Trading Up 0.1%

Shares of NASDAQ RNEM traded up $0.08 during midday trading on Friday, hitting $56.91. 159 shares of the company’s stock were exchanged, compared to its average volume of 1,845. Emerging Markets Equity Select ETF has a 12-month low of $44.90 and a 12-month high of $59.01. The company has a market cap of $17.07 million, a price-to-earnings ratio of 15.10 and a beta of 0.46. The business’s fifty day moving average price is $56.06 and its two-hundred day moving average price is $55.62.

Emerging Markets Equity Select ETF Company Profile

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.