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

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 433 shares, a drop of 96.2% from the May 14th total of 11,520 shares. Based on an average daily trading volume, of 51,235 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On OneAscent Emerging Markets ETF

An institutional investor recently raised its position in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC lifted its holdings in shares of OneAscent Emerging Markets ETF (NYSEARCA:OAEM) by 61.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,555 shares of the company’s stock after acquiring an additional 1,347 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.16% of OneAscent Emerging Markets ETF worth $143,000 as of its most recent filing with the SEC.

OneAscent Emerging Markets ETF Stock Performance

Shares of NYSEARCA:OAEM traded up $0.40 during midday trading on Tuesday, reaching $46.87. 3,246 shares of the company’s stock were exchanged, compared to its average volume of 22,200. The company’s 50 day simple moving average is $45.85 and its two-hundred day simple moving average is $41.54. The firm has a market capitalization of $104.05 million, a PE ratio of 13.87 and a beta of 0.89. OneAscent Emerging Markets ETF has a 12 month low of $31.42 and a 12 month high of $50.46.

OneAscent Emerging Markets ETF Company Profile

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.