U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Sees Large Decrease in Short Interest

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 3,052 shares, a decrease of 54.2% from the May 31st total of 6,664 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,214 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On U.S. Small Cap Equity Active ETF

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in shares of U.S. Small Cap Equity Active ETF by 17.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock valued at $286,000 after buying an additional 1,316 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in U.S. Small Cap Equity Active ETF during the fourth quarter worth $956,000. Finally, Baird Financial Group Inc. purchased a new position in U.S. Small Cap Equity Active ETF in the second quarter worth $1,830,000.

U.S. Small Cap Equity Active ETF Stock Performance

Shares of NASDAQ:RUSC opened at $38.71 on Monday. U.S. Small Cap Equity Active ETF has a 52 week low of $27.42 and a 52 week high of $39.03. The company has a 50-day moving average price of $36.52 and a 200 day moving average price of $34.04.

U.S. Small Cap Equity Active ETF Company Profile

Russell Investments Exchange Traded Funds – U.S. Small Cap Equity Active ETF is an exchange traded fund launched and managed by Russell Investment Management, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth, value and volatility stocks of small-cap companies, within the market capitalization range of the Russell 2000 Index. The fund employs quantitative analysis to create its portfolio.