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

by · The Markets Daily

OneAscent Emerging Markets ETF (NYSEARCA:OAEM – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,323 shares, a decrease of 67.5% from the August 31st total of 10,211 shares. Based on an average trading volume of 27,581 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On OneAscent Emerging Markets ETF

An institutional investor recently raised its stake in OneAscent Emerging Markets ETF stock. EverSource Wealth Advisors LLC increased its holdings in shares of OneAscent Emerging Markets ETF (NYSEARCA:OAEM – Free Report) by 31.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,208 shares of the company’s stock after purchasing an additional 525 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.10% of OneAscent Emerging Markets ETF worth $81,000 at the end of the most recent quarter.

OneAscent Emerging Markets ETF Trading Up 0.1%

OAEM traded up $0.07 on Tuesday, hitting $49.52. 1,494 shares of the company were exchanged, compared to its average volume of 18,006. The firm has a 50-day moving average price of $48.36 and a two-hundred day moving average price of $46.83. OneAscent Emerging Markets ETF has a twelve month low of $33.23 and a twelve month high of $51.84. The company has a market cap of $127.77 million, a price-to-earnings ratio of 13.87 and a beta of 0.90.

About OneAscent Emerging Markets ETF

(Get Free Report)

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.

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