U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) Sees Significant Decline in Short Interest

U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,226 shares, a decrease of 63.6% from the March 31st total of 6,123 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,252 shares, the days-to-cover ratio is currently 0.5 days.

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

A hedge fund recently bought a new stake in U.S. Small Cap Equity Active ETF stock. Envestnet Portfolio Solutions Inc. purchased a new position in shares of U.S. Small Cap Equity Active ETF (NASDAQ:RUSC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,724 shares of the company’s stock, valued at approximately $956,000. Envestnet Portfolio Solutions Inc. owned about 1.71% of U.S. Small Cap Equity Active ETF at the end of the most recent reporting period.

U.S. Small Cap Equity Active ETF Stock Performance

Shares of NASDAQ:RUSC opened at $35.60 on Monday. The business has a 50-day moving average of $33.21 and a two-hundred day moving average of $32.13. U.S. Small Cap Equity Active ETF has a 12 month low of $25.88 and a 12 month high of $35.64.

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.