Emerging Markets Equity Select ETF (NASDAQ:RNEM) Sees Significant Growth in Short Interest

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 989 shares, an increase of 930.2% from the June 15th total of 96 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 420 shares, the days-to-cover ratio is currently 2.4 days.

Emerging Markets Equity Select ETF Stock Performance

Shares of RNEM opened at $55.97 on Friday. Emerging Markets Equity Select ETF has a 52-week low of $46.90 and a 52-week high of $59.01. The business’s 50 day moving average price is $55.23 and its two-hundred day moving average price is $55.91. The firm has a market cap of $16.79 million, a PE ratio of 15.10 and a beta of 0.44.

About Emerging Markets Equity Select ETF

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.