International Developed Equity Active ETF (NASDAQ:RINT) Stock Short Interest Climbs 1,645.2%

International Developed Equity Active ETF (NASDAQ:RINT) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 335,820 shares, a growth of 1,645.2% from the September 30th total of 19,243 shares. Based on an average daily volume of 33,881 shares, the days-to-cover ratio is presently 9.9 days. Approximately 6.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in International Developed Equity Active ETF stock. Bank of New York Mellon Corp lifted its stake in shares of International Developed Equity Active ETF (NASDAQ:RINT) by 20.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,959 shares of the company’s stock after acquiring an additional 5,424 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.76% of International Developed Equity Active ETF worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

International Developed Equity Active ETF Stock Performance

RINT traded up $0.08 on Monday, hitting $31.67. 34,695 shares of the company were exchanged, compared to its average volume of 16,131. International Developed Equity Active ETF has a 12 month low of $27.35 and a 12 month high of $35.93. The stock’s fifty day moving average is $32.49 and its 200-day moving average is $31.41.

International Developed Equity Active ETF Company Profile

Russell Investments Exchange Traded Funds – International Developed Equity Active ETF is an exchange traded fund launched and managed by Russell Investment Management, LLC. It invests in public equity markets of global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth, value and volatility stocks of companies across diversified market capitalization, within the market capitalization range of the MSCI World ex USA Index. The fund employs fundamental and quantitative analysis to create its portfolio.