Short Interest in First Trust Small Cap US Equity Select ETF (NASDAQ:RNSC) Increases By 1,550.0%

First Trust Small Cap US Equity Select ETF (NASDAQ:RNSCGet Rating) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,300 shares, a growth of 1,550.0% from the March 31st total of 200 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 0.8 days.

RNSC stock traded down $0.66 on Wednesday, hitting $27.16. The company’s stock had a trading volume of 1,092 shares, compared to its average volume of 4,947. The firm has a 50 day moving average of $28.47 and a two-hundred day moving average of $29.01. First Trust Small Cap US Equity Select ETF has a 1 year low of $27.06 and a 1 year high of $32.98.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were given a dividend of $0.044 per share. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.18 dividend on an annualized basis and a yield of 0.65%.

A number of institutional investors have recently made changes to their positions in the business. LPL Financial LLC raised its position in First Trust Small Cap US Equity Select ETF by 72.4% during the 4th quarter. LPL Financial LLC now owns 303,993 shares of the company’s stock worth $9,053,000 after buying an additional 127,616 shares during the last quarter. Archer Investment Corp lifted its position in shares of First Trust Small Cap US Equity Select ETF by 37.5% during the 4th quarter. Archer Investment Corp now owns 95,396 shares of the company’s stock valued at $2,841,000 after acquiring an additional 26,004 shares during the period. SignalPoint Asset Management LLC lifted its position in shares of First Trust Small Cap US Equity Select ETF by 3.5% during the 4th quarter. SignalPoint Asset Management LLC now owns 49,815 shares of the company’s stock valued at $1,483,000 after acquiring an additional 1,672 shares during the period. Citadel Advisors LLC acquired a new stake in shares of First Trust Small Cap US Equity Select ETF during the 3rd quarter valued at approximately $743,000. Finally, FSB Premier Wealth Management Inc. acquired a new stake in shares of First Trust Small Cap US Equity Select ETF during the 4th quarter valued at approximately $278,000.

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