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

OneAscent Emerging Markets ETF (NYSEARCA:OAEM) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,110 shares, a decrease of 37.9% from the July 15th total of 5,012 shares. Based on an average trading volume of 11,008 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OAEM. Trust Co. of Vermont acquired a new position in shares of OneAscent Emerging Markets ETF in the second quarter worth about $79,000. EverSource Wealth Advisors LLC grew its stake in OneAscent Emerging Markets ETF by 31.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,208 shares of the company’s stock valued at $81,000 after purchasing an additional 525 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in OneAscent Emerging Markets ETF by 14.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 10,544 shares of the company’s stock worth $386,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of OneAscent Emerging Markets ETF in the 2nd quarter valued at approximately $1,435,000.

OneAscent Emerging Markets ETF Trading Up 0.9%

Shares of OAEM opened at $47.91 on Thursday. The firm has a market capitalization of $127.92 million, a P/E ratio of 13.87 and a beta of 0.90. The stock’s fifty day simple moving average is $48.01 and its 200 day simple moving average is $45.53. OneAscent Emerging Markets ETF has a twelve month low of $32.12 and a twelve month high of $51.84.

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.