OneAscent Emerging Markets ETF (NYSEARCA:OAEM) Sees Significant Increase in Short Interest

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 11,520 shares, a growth of 419.4% from the April 30th total of 2,218 shares. Based on an average daily volume of 85,759 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of OneAscent Emerging Markets ETF

An institutional investor recently raised its position in OneAscent Emerging Markets ETF stock. Creative Financial Designs Inc. ADV boosted its position in shares of OneAscent Emerging Markets ETF (NYSEARCA:OAEM) by 50.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,252 shares of the company’s stock after purchasing an additional 3,112 shares during the quarter. Creative Financial Designs Inc. ADV owned about 0.49% of OneAscent Emerging Markets ETF worth $318,000 at the end of the most recent reporting period.

OneAscent Emerging Markets ETF Price Performance

OAEM stock traded down $0.26 during trading on Friday, hitting $48.66. 17,971 shares of the stock traded hands, compared to its average volume of 22,614. OneAscent Emerging Markets ETF has a 1 year low of $30.45 and a 1 year high of $49.31. The firm’s 50 day moving average is $44.74 and its two-hundred day moving average is $40.82. The stock has a market cap of $108.03 million, a price-to-earnings ratio of 13.87 and a beta of 0.89.

OneAscent Emerging Markets ETF Company Profile

The OneAscent Emerging Markets ETF (OAEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in an equity portfolio of large-, mid-, and small-cap emerging market companies. The fund combines an ESG screening methodology with its fundamental investment process. OAEM was launched on Sep 15, 2022 and is managed by Oneascent.