Small Cap US Equity Select ETF (NASDAQ:RNSC) Trading Up 0.6% – Still a Buy?

Shares of Small Cap US Equity Select ETF (NASDAQ:RNSC) shot up 0.6% during mid-day trading on Friday . The company traded as high as $30.06 and last traded at $30.06. 3,719 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 5,835 shares. The stock had previously closed at $29.86.

Small Cap US Equity Select ETF Price Performance

The stock has a market cap of $25.55 million, a price-to-earnings ratio of 12.26 and a beta of 1.16. The firm has a fifty day moving average of $31.10 and a 200 day moving average of $29.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Small Cap US Equity Select ETF stock. Archer Investment Corp increased its holdings in shares of Small Cap US Equity Select ETF (NASDAQ:RNSC) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,873 shares of the company’s stock after buying an additional 2,290 shares during the period. Archer Investment Corp owned about 1.99% of Small Cap US Equity Select ETF worth $520,000 at the end of the most recent quarter.

Small Cap US Equity Select ETF Company Profile

The First Trust Small Cap US Equity Select ETF (RNSC) is an exchange-traded fund that is based on the Nasdaq Riskalyze US Small Cap index. The fund tracks a dividend-selected, tier-weighted index of small-cap US equities. RNSC was launched on Jun 20, 2017 and is managed by First Trust.