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

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 454 shares, a growth of 208.8% from the August 31st total of 147 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 539 shares, the days-to-cover ratio is presently 0.8 days.

Emerging Markets Equity Select ETF Price Performance

RNEM traded up $0.10 on Friday, reaching $55.41. 1,322 shares of the company traded hands, compared to its average volume of 1,545. The company has a market cap of $16.62 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. The stock’s 50 day moving average price is $56.69 and its 200-day moving average price is $55.79. Emerging Markets Equity Select ETF has a 52-week low of $46.90 and a 52-week high of $59.01.

Emerging Markets Equity Select ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be paid a $0.6346 dividend. This represents a $2.54 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.3481. The ex-dividend date of this dividend is Thursday, September 24th.

Emerging Markets Equity Select ETF Company Profile

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.