Emerging Markets Equity Select ETF (NASDAQ:RNEM) Stock Short Interest Jumps 66.7%

Emerging Markets Equity Select ETF (NASDAQ:RNEM) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 40 shares, an increase of 66.7% from the September 30th total of 24 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,826 shares, the days-to-cover ratio is presently 0.0 days.

Emerging Markets Equity Select ETF Stock Performance

NASDAQ:RNEM opened at $55.72 on Wednesday. The firm’s fifty day moving average is $56.27 and its 200-day moving average is $56.08. Emerging Markets Equity Select ETF has a 52 week low of $46.90 and a 52 week high of $59.01. The firm has a market cap of $16.72 million, a P/E ratio of 15.10 and a beta of 0.43.

Emerging Markets Equity Select ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.6346 dividend. The ex-dividend date was Thursday, September 24th. This is a positive change from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.3481. This represents a $2.54 annualized dividend and a 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.