Small Cap US Equity Select ETF (NASDAQ:RNSC) Trading Up 0.2% – Here’s Why

Small Cap US Equity Select ETF (NASDAQ:RNSC)’s stock price shot up 0.2% during trading on Thursday . The stock traded as high as $30.59 and last traded at $30.59. 721 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 6,382 shares. The stock had previously closed at $30.54.

Small Cap US Equity Select ETF Trading Up 0.2 %

The business’s 50 day moving average price is $29.53 and its two-hundred day moving average price is $28.58. The stock has a market cap of $27.53 million, a P/E ratio of 12.26 and a beta of 1.16.

Small Cap US Equity Select ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1361 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.54 annualized dividend and a yield of 1.78%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Small Cap US Equity Select ETF stock. Archer Investment Corp increased its position in Small Cap US Equity Select ETF (NASDAQ:RNSC) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,873 shares of the company’s stock after purchasing an additional 2,290 shares during the period. Archer Investment Corp owned 1.99% of Small Cap US Equity Select ETF worth $520,000 at the end of the most recent reporting period.

About Small Cap US Equity Select ETF

The First Trust Small Cap US Equity Select ETF (RNSC) is an exchange-traded fund that is based on the Nasdaq Riskalyze US Small Cap index. The fund tracks a dividend-selected, tier-weighted index of small-cap US equities. RNSC was launched on Jun 20, 2017 and is managed by First Trust.