OneAscent Emerging Markets ETF (NYSEARCA:OAEM) Sees Large Increase in Short Interest

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 6,987 shares, an increase of 124.7% from the July 30th total of 3,110 shares. Based on an average trading volume of 10,147 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

OneAscent Emerging Markets ETF Stock Performance

Shares of NYSEARCA:OAEM opened at $48.68 on Monday. OneAscent Emerging Markets ETF has a 12-month low of $32.12 and a 12-month high of $51.84. The business’s fifty day simple moving average is $47.86 and its 200-day simple moving average is $45.91. The company has a market capitalization of $129.98 million, a PE ratio of 13.87 and a beta of 0.90.

Institutional Trading of OneAscent Emerging Markets ETF

A number of institutional investors have recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in OneAscent Emerging Markets ETF during the 2nd quarter valued at about $79,000. EverSource Wealth Advisors LLC raised its position in shares of OneAscent Emerging Markets ETF by 31.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,208 shares of the company’s stock valued at $81,000 after purchasing an additional 525 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in OneAscent Emerging Markets ETF by 14.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 10,544 shares of the company’s stock worth $386,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in OneAscent Emerging Markets ETF during the 2nd quarter worth approximately $1,435,000.

About OneAscent Emerging Markets ETF

The OneAscent Emerging Markets ETF (OAEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in an equity portfolio of large-, mid-, and small-cap emerging market companies. The fund combines an ESG screening methodology with its fundamental investment process. OAEM was launched on Sep 15, 2022 and is managed by Oneascent.