The Free Markets ETF (NYSEARCA:FMKT) Sees Large Drop in Short Interest

The Free Markets ETF (NYSEARCA:FMKT) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 593 shares, a drop of 92.1% from the April 30th total of 7,544 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,332 shares, the days-to-cover ratio is presently 0.2 days.

Free Markets ETF Stock Performance

FMKT stock traded down $0.16 during midday trading on Wednesday, hitting $22.36. 2,427 shares of the stock were exchanged, compared to its average volume of 6,341. The stock’s 50-day moving average price is $21.56 and its 200-day moving average price is $21.92. The stock has a market cap of $14.76 million, a price-to-earnings ratio of 27.82 and a beta of 2.55. Free Markets ETF has a fifty-two week low of $19.55 and a fifty-two week high of $24.88.

Hedge Funds Weigh In On Free Markets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Main Street Group LTD acquired a new position in Free Markets ETF during the first quarter worth $47,000. Osbon Capital Management LLC purchased a new position in Free Markets ETF during the fourth quarter worth $88,000. Brookwood Investment Group LLC increased its position in Free Markets ETF by 6.5% during the fourth quarter. Brookwood Investment Group LLC now owns 21,879 shares of the company’s stock worth $472,000 after buying an additional 1,337 shares in the last quarter. Jane Street Group LLC purchased a new position in Free Markets ETF during the second quarter worth $663,000. Finally, Stegent Equity Advisors Inc. purchased a new position in Free Markets ETF during the fourth quarter worth $1,127,000.

About Free Markets ETF

Tidal ETF Trust – The Free Markets ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by SYKON Asset Management LLC, Point Bridge Capital, LLC and Tactical Rotation Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis to create its portfolio.