Small Cap US Equity Select ETF (NASDAQ:RNSC) Short Interest Down 37.5% in November

Small Cap US Equity Select ETF (NASDAQ:RNSC) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 500 shares, a decrease of 37.5% from the October 31st total of 800 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Small Cap US Equity Select ETF stock. Archer Investment Corp lifted its position in Small Cap US Equity Select ETF (NASDAQ:RNSC) by 13.8% in the 2nd quarter, according to the company in 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 quarter. 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.

Small Cap US Equity Select ETF Trading Down 0.1 %

RNSC stock traded down $0.05 during midday trading on Thursday, reaching $32.38. The company had a trading volume of 793 shares, compared to its average volume of 5,896. The company has a 50 day moving average of $30.48 and a two-hundred day moving average of $29.25. Small Cap US Equity Select ETF has a 1 year low of $25.98 and a 1 year high of $32.96. The company has a market capitalization of $27.52 million, a P/E ratio of 12.26 and a beta of 1.16.

Small Cap US Equity Select ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given 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 yield of 1.68%.

Small Cap US Equity Select ETF Company Profile

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.