U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Short Interest Update

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 3,052 shares, a drop of 54.2% from the May 31st total of 6,664 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 6,214 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On U.S. Small Cap Equity Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of U.S. Small Cap Equity Active ETF by 17.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,928 shares of the company’s stock worth $286,000 after acquiring an additional 1,316 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in U.S. Small Cap Equity Active ETF in the 4th quarter valued at approximately $956,000. Finally, Baird Financial Group Inc. purchased a new position in U.S. Small Cap Equity Active ETF in the 2nd quarter valued at approximately $1,830,000.

U.S. Small Cap Equity Active ETF Stock Performance

Shares of NASDAQ RUSC opened at $38.71 on Monday. U.S. Small Cap Equity Active ETF has a 52 week low of $27.42 and a 52 week high of $39.03. The firm has a 50-day moving average price of $36.52 and a 200 day moving average price of $34.04.

About U.S. Small Cap Equity Active ETF

Russell Investments Exchange Traded Funds – U.S. Small Cap Equity Active ETF is an exchange traded fund launched and managed by Russell Investment Management, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth, value and volatility stocks of small-cap companies, within the market capitalization range of the Russell 2000 Index. The fund employs quantitative analysis to create its portfolio.