No headlines found.
No press releases found.
No news found.
The Emerging Markets Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Nasdaq Riskalyze Emerging Markets Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of low volatility securities.
First Trust Emerging Markets Equity Select ETF trades on the NASDAQ stock market under the symbol RNEM.
As of March 28, 2024, RNEM stock price climbed to $51.88 with 979 million shares trading.
RNEM has a market cap of $18.16 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, RNEM stock traded as high as $53.65 and as low as $38.71.
RNEM has underperformed the market in the last year with a price return of +20.1% while the SPY ETF gained +33.6%. RNEM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and -0.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
RNEM support price is $51.46 and resistance is $52.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RNEM stock will trade within this expected range on the day.