Freedom 100 Emerging Markets ETF (BATS:FRDM) Short Interest Up 146.2% in May

Freedom 100 Emerging Markets ETF (BATS:FRDM) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 378,587 shares, an increase of 146.2% from the May 14th total of 153,767 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 369,142 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of FRDM. First Pacific Financial purchased a new stake in Freedom 100 Emerging Markets ETF during the fourth quarter valued at $27,000. Strive Financial Group LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF in the fourth quarter valued at $28,000. Clarity Asset Management Inc. purchased a new stake in shares of Freedom 100 Emerging Markets ETF in the fourth quarter valued at $36,000. Steward Partners Investment Advisory LLC raised its stake in shares of 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 valued at $37,000 after acquiring an additional 483 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Freedom 100 Emerging Markets ETF by 231.3% in the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after acquiring an additional 502 shares during the period.

Freedom 100 Emerging Markets ETF Stock Up 0.5%

Freedom 100 Emerging Markets ETF stock traded up $0.35 during mid-day trading on Friday, reaching $71.54. 385,458 shares of the company’s stock traded hands, compared to its average volume of 478,457. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The stock has a 50 day moving average of $65.55 and a two-hundred day moving average of $58.57. Freedom 100 Emerging Markets ETF has a 12-month low of $38.02 and a 12-month high of $74.86.

About Freedom 100 Emerging Markets ETF

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.