Small Cap US Equity Select ETF (NASDAQ:RNSC) Short Interest Up 400.0% in October

Small Cap US Equity Select ETF (NASDAQ:RNSC) saw a significant 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 daily volume of 2,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of 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 holdings in shares of Small Cap US Equity Select ETF (NASDAQ:RNSC) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Small Cap US Equity Select ETF Stock Performance

Shares of RNSC traded down $0.22 during midday trading on Friday, hitting $29.44. 580 shares of the stock were exchanged, compared to its average volume of 6,297. Small Cap US Equity Select ETF has a 52-week low of $23.86 and a 52-week high of $30.68. The stock has a fifty day simple moving average of $29.67 and a 200 day simple moving average of $28.65. The firm has a market cap of $26.49 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 announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1361 dividend. This represents a $0.54 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, September 26th.

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.