Emerging Markets Equity Select ETF (NASDAQ:RNEM) Sees Large Decrease in Short Interest

Emerging Markets Equity Select ETF (NASDAQ:RNEM) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 12 shares, a decline of 93.7% from the July 15th total of 190 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 604 shares, the short-interest ratio is currently 0.0 days.

Emerging Markets Equity Select ETF Stock Down 0.8%

NASDAQ RNEM traded down $0.46 during trading on Tuesday, hitting $56.59. 227 shares of the stock traded hands, compared to its average volume of 1,319. The company has a market capitalization of $16.98 million, a P/E ratio of 15.10 and a beta of 0.44. The firm has a 50-day simple moving average of $55.70 and a 200-day simple moving average of $55.98. Emerging Markets Equity Select ETF has a 12-month low of $46.90 and a 12-month high of $59.01.

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.