Small Cap US Equity Select ETF (NASDAQ:RNSC) Sees Significant Increase in Short Interest

Small Cap US Equity Select ETF (NASDAQ:RNSC) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 500 shares, a growth of 400.0% from the September 30th total of 100 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is presently 0.2 days.

Small Cap US Equity Select ETF Trading Down 0.7 %

NASDAQ RNSC traded down $0.22 during midday trading on Friday, hitting $29.44. The company had a trading volume of 580 shares, compared to its average volume of 6,297. Small Cap US Equity Select ETF has a twelve month low of $23.86 and a twelve month high of $30.68. The company has a market capitalization of $26.50 million, a PE ratio of 12.26 and a beta of 1.16. The firm has a 50-day moving average price of $29.66 and a 200-day moving average price of $28.64.

Small Cap US Equity Select ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1361 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.85%.

Hedge Funds Weigh In On Small Cap US Equity Select ETF

A hedge fund recently raised its stake in Small Cap US Equity Select ETF stock. Archer Investment Corp lifted its holdings in shares of Small Cap US Equity Select ETF (NASDAQ:RNSC) by 13.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,873 shares of the company’s stock after buying an additional 2,290 shares during the period. Archer Investment Corp owned about 1.99% of Small Cap US Equity Select ETF worth $520,000 as of its most recent filing with the SEC.

About Small Cap US Equity Select ETF

The First Trust Small Cap US Equity Select ETF (RNSC) is an exchange-traded fund that is based on the Nasdaq Riskalyze US Small Cap index. The fund tracks a dividend-selected, tier-weighted index of small-cap US equities. RNSC was launched on Jun 20, 2017 and is managed by First Trust.