Freedom 100 Emerging Markets ETF (BATS:FRDM) Short Interest Update

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 153,767 shares, a drop of 80.0% from the April 30th total of 770,521 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 391,292 shares, the days-to-cover ratio is currently 0.4 days.

Freedom 100 Emerging Markets ETF Price Performance

FRDM stock opened at $72.80 on Friday. Freedom 100 Emerging Markets ETF has a 1-year low of $37.63 and a 1-year high of $73.10. The business has a 50 day simple moving average of $61.95 and a two-hundred day simple moving average of $56.81. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Institutional Trading of Freedom 100 Emerging Markets ETF

Several hedge funds have recently bought and sold shares of FRDM. UMB Bank n.a. lifted its position in shares of Freedom 100 Emerging Markets ETF by 200.0% in the third quarter. UMB Bank n.a. now owns 600 shares of the company’s stock worth $27,000 after buying an additional 400 shares in the last quarter. First Pacific Financial purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 4th quarter valued at about $27,000. Strive Financial Group LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 4th quarter valued at about $28,000. Clarity Asset Management Inc. bought a new position in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at about $36,000. Finally, Steward Partners Investment Advisory LLC grew its position in Freedom 100 Emerging Markets ETF by 207.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after acquiring an additional 483 shares in the last quarter.

Freedom 100 Emerging Markets ETF Company Profile

The Freedom 100 Emerging Markets ETF (FRDM) is an exchange-traded fund that mostly invests in total market equity. FDRM tracks an index that selects and weights exposure to emerging market equities based on personal and economic freedom metrics. FRDM was launched on May 23, 2019 and is managed by Alpha Architect.