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

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 7,958 shares, a growth of 62.2% from the December 15th total of 4,907 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the company’s stock are sold short.

OneAscent Emerging Markets ETF Trading Up 0.9%

Shares of NYSEARCA:OAEM opened at $39.01 on Friday. The stock has a market capitalization of $85.82 million, a PE ratio of 13.87 and a beta of 0.79. OneAscent Emerging Markets ETF has a 1 year low of $25.86 and a 1 year high of $39.29. The firm has a fifty day moving average price of $35.79 and a 200 day moving average price of $34.36.

OneAscent Emerging Markets ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.2828 per share. This represents a dividend yield of 77.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On OneAscent Emerging Markets ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its holdings in OneAscent Emerging Markets ETF by 50.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 9,252 shares of the company’s stock valued at $318,000 after purchasing an additional 3,112 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of OneAscent Emerging Markets ETF by 104.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,683 shares of the company’s stock worth $58,000 after buying an additional 861 shares during the period. Finally, Patron Partners LLC boosted its holdings in shares of OneAscent Emerging Markets ETF by 3.9% during the 2nd quarter. Patron Partners LLC now owns 30,862 shares of the company’s stock worth $999,000 after buying an additional 1,149 shares during the period.

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.