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

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 190 shares, a drop of 80.8% from the June 30th total of 989 shares. Based on an average daily volume of 587 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Emerging Markets Equity Select ETF Stock Performance

Shares of RNEM stock opened at $55.74 on Friday. The stock has a fifty day moving average price of $55.18 and a 200 day moving average price of $55.92. The stock has a market cap of $16.72 million, a PE ratio of 15.10 and a beta of 0.44. Emerging Markets Equity Select ETF has a 1 year low of $46.90 and a 1 year 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.