Small Cap US Equity Select ETF (NASDAQ:RNSC) Short Interest Update

Small Cap US Equity Select ETF (NASDAQ:RNSC) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 800 shares, an increase of 60.0% from the October 15th total of 500 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Small Cap US Equity Select ETF

An institutional investor recently raised its position in Small Cap US Equity Select ETF stock. Archer Investment Corp raised its position in shares of Small Cap US Equity Select ETF (NASDAQ:RNSC) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,873 shares of the company’s stock after acquiring an additional 2,290 shares during the period. Archer Investment Corp owned approximately 1.99% of Small Cap US Equity Select ETF worth $520,000 at the end of the most recent reporting period.

Small Cap US Equity Select ETF Price Performance

Shares of RNSC opened at $31.11 on Friday. Small Cap US Equity Select ETF has a 1-year low of $25.86 and a 1-year high of $32.37. The firm has a 50 day simple moving average of $30.02 and a 200-day simple moving average of $28.98. The stock has a market cap of $26.44 million, a price-to-earnings ratio of 12.26 and a beta of 1.16.

Small Cap US Equity Select ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1361 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.54 dividend on an annualized basis and a yield of 1.75%.

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.