First Trust Developed International Equity Select ETF (RNDM) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Developed International Equity Select ETF shares that have been sold short but have not yet been closed out or covered. As of May 31st, traders have sold 10,100 shares of RNDM short. Learn More on First Trust Developed International Equity Select ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. RNDM shares currently have a short interest ratio of 6.0. Learn More on First Trust Developed International Equity Select ETF's short interest ratio.

First Trust Developed International Equity Select ETF saw a increase in short interest in May. As of May 31st, there was short interest totaling 10,100 shares, an increase of 13.5% from the previous total of 8,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling RNDM is an investing strategy that aims to generate trading profit from First Trust Developed International Equity Select ETF as its price is falling. RNDM shares are trading down $0.50 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Developed International Equity Select ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of RNDM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including RNDM, twice per month. The most recent reporting period available is May, 31 2023.