Emerging Markets Equity Select ETF (NASDAQ:RNEM) Short Interest Update

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 117 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average daily trading volume, of 787 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Emerging Markets Equity Select ETF Price Performance

NASDAQ:RNEM traded down $0.84 on Friday, hitting $54.86. 344 shares of the company’s stock were exchanged, compared to its average volume of 1,528. The firm has a 50-day moving average price of $55.49 and a 200-day moving average price of $55.97. Emerging Markets Equity Select ETF has a 52 week low of $46.90 and a 52 week high of $59.01. The company has a market cap of $16.46 million, a P/E ratio of 15.10 and a beta of 0.46.

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.