Emerging Markets Equity Select ETF (NASDAQ:RNEM) Stock Short Interest Falls 94.7%

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 24 shares, a decline of 94.7% from the September 15th total of 454 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,623 shares, the days-to-cover ratio is currently 0.0 days.

Emerging Markets Equity Select ETF Price Performance

Shares of NASDAQ:RNEM traded up $0.54 on Friday, reaching $55.72. The company’s stock had a trading volume of 698 shares, compared to its average volume of 1,598. The stock has a market capitalization of $16.71 million, a P/E ratio of 15.10 and a beta of 0.43. Emerging Markets Equity Select ETF has a 52-week low of $46.90 and a 52-week high of $59.01. The stock’s 50-day moving average is $56.46 and its two-hundred day moving average is $55.84.

Emerging Markets Equity Select ETF Increases Dividend

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

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.