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

Small Cap US Equity Select ETF (NASDAQ:RNSC) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 2,700 shares, a decline of 20.6% from the February 29th total of 3,400 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its holdings in Small Cap US Equity Select ETF by 51.3% during the 2nd quarter. UBS Group AG now owns 2,050 shares of the company’s stock valued at $51,000 after buying an additional 695 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Small Cap US Equity Select ETF by 17.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,977 shares of the company’s stock valued at $328,000 after acquiring an additional 1,933 shares during the last quarter. Archer Investment Corp boosted its position in shares of Small Cap US Equity Select ETF by 14.6% during the 3rd quarter. Archer Investment Corp now owns 16,696 shares of the company’s stock valued at $426,000 after acquiring an additional 2,133 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Small Cap US Equity Select ETF during the 1st quarter valued at about $108,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Small Cap US Equity Select ETF during the 2nd quarter valued at about $213,000.

Small Cap US Equity Select ETF Stock Up 0.4 %

RNSC stock opened at $28.88 on Monday. The firm has a market capitalization of $36.10 million, a PE ratio of 11.41 and a beta of 1.16. Small Cap US Equity Select ETF has a twelve month low of $23.86 and a twelve month high of $29.21. The stock has a 50-day simple moving average of $28.13 and a two-hundred day simple moving average of $26.99.

Small Cap US Equity Select ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.0419 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, March 21st.

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.