Short Interest in Small Cap US Equity Select ETF (NASDAQ:RNSC) Increases By 60.0%

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

Institutional Investors 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 increased its stake in 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 (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 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 Stock Down 0.7 %

Shares of NASDAQ:RNSC opened at $31.11 on Friday. The business has a fifty day simple moving average of $30.02 and a 200 day simple moving average of $28.98. Small Cap US Equity Select ETF has a 12-month low of $25.86 and a 12-month high of $32.37. The firm has a market cap of $26.44 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 paid a $0.1361 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.54 annualized dividend 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.