International Developed Equity Active ETF (NASDAQ:RINT) Short Interest Up 130.0% in May

International Developed Equity Active ETF (NASDAQ:RINT) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 23,294 shares, an increase of 130.0% from the May 14th total of 10,128 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 17,870 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On International Developed Equity Active ETF

A hedge fund recently raised its stake in International Developed Equity Active ETF stock. Bank of New York Mellon Corp raised its position in International Developed Equity Active ETF (NASDAQ:RINT) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,959 shares of the company’s stock after acquiring an additional 5,424 shares during the period. Bank of New York Mellon Corp owned approximately 0.76% of International Developed Equity Active ETF worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

International Developed Equity Active ETF Stock Up 0.3%

Shares of NASDAQ:RINT opened at $31.82 on Friday. The firm’s 50 day simple moving average is $31.04 and its 200-day simple moving average is $30.24. International Developed Equity Active ETF has a one year low of $25.73 and a one year high of $32.60.

About International Developed Equity Active ETF

Russell Investments Exchange Traded Funds – International Developed Equity Active ETF is an exchange traded fund launched and managed by Russell Investment Management, LLC. It invests in public equity markets of global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth, value and volatility stocks of companies across diversified market capitalization, within the market capitalization range of the MSCI World ex USA Index. The fund employs fundamental and quantitative analysis to create its portfolio.