Freedom 100 Emerging Markets ETF (BATS:FRDM – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 77,495 shares, a drop of 36.3% from the July 15th total of 121,694 shares. Based on an average daily trading volume, of 353,203 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.
Freedom 100 Emerging Markets ETF Stock Performance
Shares of BATS:FRDM opened at $66.38 on Wednesday. The company has a market cap of $1.96 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 52 week low of $41.02 and a 52 week high of $76.90. The firm has a 50 day simple moving average of $68.65 and a 200 day simple moving average of $64.14.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth about $510,000. Pearl Planning LLC bought a new stake in Freedom 100 Emerging Markets ETF during the fourth quarter worth approximately $9,405,000. KFG Wealth Management LLC acquired a new position in Freedom 100 Emerging Markets ETF during the first quarter valued at approximately $10,299,000. Retirement Planning Group LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 5.5% in the first quarter. Retirement Planning Group LLC now owns 2,549,629 shares of the company’s stock valued at $139,337,000 after purchasing an additional 133,481 shares during the period. Finally, Avid Wealth Partners LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth $3,164,000.
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.
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