Mid Cap US Equity Select ETF (RNMC) Short Interest Ratio & Short Volume

Short interest is the volume of Mid Cap US Equity Select ETF shares that have been sold short but have not yet been closed out or covered. As of June 30th, traders have sold 200 shares of RNMC short. Learn More on Mid Cap US Equity Select ETF's current short interest.

Mid Cap US Equity Select ETF saw a drop in short interest in June. As of June 30th, there was short interest totaling 200 shares, a drop of 84.6% from the previous total of 1,300 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.

Here is how the short interest of companies compare to Mid Cap US Equity Select ETF: Argent Mid Cap ETF (0.42%), First Trust Mid Cap Growth AlphaDEX Fund (0.71%), iShares Morningstar Mid-Cap Value ETF (0.53%), and First Trust Mid Cap Core AlphaDEX Fund (0.01%).

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($3.35 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.80 billion), Coinbase Global, Inc. ($2.58 billion), Royal Caribbean Cruises Ltd. ($2.17 billion), Moderna, Inc. ($2.13 billion), T. Rowe Price Group, Inc. ($2.11 billion), Palantir Technologies Inc. ($2.03 billion), Extra Space Storage Inc. ($1.81 billion), and Verisk Analytics, Inc. ($1.63 billion). View all of the most shorted stocks.

Short selling RNMC is an investing strategy that aims to generate trading profit from Mid Cap US Equity Select ETF as its price is falling. RNMC shares are trading down $0.28 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 Mid Cap US Equity Select ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of RNMC, 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 RNMC, twice per month. The most recent reporting period available is June, 30 2023.