U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Short Interest Up 112.2% in June

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 6,477 shares, an increase of 112.2% from the June 15th total of 3,052 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 48,704 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 1,316 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in U.S. Small Cap Equity Active ETF in the 4th quarter worth approximately $956,000. Finally, Baird Financial Group Inc. purchased a new stake in U.S. Small Cap Equity Active ETF in the 2nd quarter worth approximately $1,830,000.

U.S. Small Cap Equity Active ETF Stock Performance

Shares of RUSC stock traded up $0.20 during trading hours on Wednesday, reaching $38.21. 9,303 shares of the company’s stock were exchanged, compared to its average volume of 9,014. The stock’s 50 day moving average is $37.22 and its 200-day moving average is $34.60. U.S. Small Cap Equity Active ETF has a fifty-two week low of $27.42 and a fifty-two week high of $39.27.

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.