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

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) saw a large increase in short interest in 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. Based on an average daily trading volume, of 48,704 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On U.S. Small Cap Equity Active ETF

A number of hedge funds have recently bought and sold shares of RUSC. Envestnet Portfolio Solutions Inc. bought a new stake in U.S. Small Cap Equity Active ETF during the 4th quarter valued at about $956,000. Baird Financial Group Inc. purchased a new position in U.S. Small Cap Equity Active ETF in the second quarter worth about $1,830,000. Finally, Bank of New York Mellon Corp raised its holdings in U.S. Small Cap Equity Active ETF by 17.3% in the first quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock worth $286,000 after buying an additional 1,316 shares during the last quarter.

U.S. Small Cap Equity Active ETF Trading Up 0.3%

U.S. Small Cap Equity Active ETF stock traded up $0.10 during mid-day trading on Thursday, hitting $38.25. The company had a trading volume of 14,102 shares, compared to its average volume of 9,055. The stock’s 50 day moving average price is $37.24 and its two-hundred day moving average price is $34.65. U.S. Small Cap Equity Active ETF has a 12 month low of $27.42 and a 12 month 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.