Freedom 100 Emerging Markets ETF (BATS:FRDM – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 770,521 shares, an increase of 82.2% from the April 15th total of 422,956 shares. Based on an average daily volume of 282,565 shares, the short-interest ratio is presently 2.7 days. Currently, 2.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FRDM. UMB Bank n.a. raised 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 acquiring an additional 400 shares during the period. First Pacific Financial acquired a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth about $27,000. Strive Financial Group LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth about $28,000. Clarity Asset Management Inc. acquired a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth about $36,000. Finally, Steward Partners Investment Advisory LLC raised its position 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 worth $37,000 after acquiring an additional 483 shares during the period.
Freedom 100 Emerging Markets ETF Price Performance
Shares of Freedom 100 Emerging Markets ETF stock opened at $65.94 on Tuesday. The firm has a fifty day moving average price of $59.92 and a 200 day moving average price of $55.64. Freedom 100 Emerging Markets ETF has a 1 year low of $37.63 and a 1 year high of $69.66. The stock has a market cap of $1.95 billion, a PE ratio of 12.68 and a beta of 0.94.
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.
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