OneAscent Emerging Markets ETF (NYSEARCA:OAEM – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 11,520 shares, an increase of 419.4% from the April 30th total of 2,218 shares. Based on an average daily volume of 85,759 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.5% of the shares of the company are short sold.
Institutional Investors Weigh In On OneAscent Emerging Markets ETF
A hedge fund recently raised its stake in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC increased its position in shares of OneAscent Emerging Markets ETF (NYSEARCA:OAEM – Free Report) by 104.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,683 shares of the company’s stock after acquiring an additional 861 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.09% of OneAscent Emerging Markets ETF worth $58,000 at the end of the most recent quarter.
OneAscent Emerging Markets ETF Price Performance
Shares of NYSEARCA OAEM traded up $0.32 during midday trading on Thursday, reaching $48.92. 13,068 shares of the company traded hands, compared to its average volume of 22,661. OneAscent Emerging Markets ETF has a 52 week low of $30.45 and a 52 week high of $49.31. The stock has a 50-day moving average price of $44.45 and a 200 day moving average price of $40.66. The company has a market cap of $108.60 million, a price-to-earnings ratio of 13.87 and a beta of 0.89.
About OneAscent Emerging Markets ETF
The OneAscent Emerging Markets ETF (OAEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in an equity portfolio of large-, mid-, and small-cap emerging market companies. The fund combines an ESG screening methodology with its fundamental investment process. OAEM was launched on Sep 15, 2022 and is managed by Oneascent.
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