Frontier Asset Absolute Return ETF (NYSEARCA:FARX – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 2,980 shares, an increase of 99,233.3% from the August 31st total of 3 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 10,919 shares, the short-interest ratio is presently 0.3 days.
Frontier Asset Absolute Return ETF Price Performance
FARX stock traded up $0.05 during mid-day trading on Thursday, reaching $30.13. The company had a trading volume of 12,829 shares, compared to its average volume of 2,154. The firm has a fifty day simple moving average of $29.58 and a 200 day simple moving average of $29.11. Frontier Asset Absolute Return ETF has a fifty-two week low of $26.40 and a fifty-two week high of $30.33.
Frontier Asset Absolute Return ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a $0.1158 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 29th. This is an increase from Frontier Asset Absolute Return ETF’s previous quarterly dividend of $0.0612.
Frontier Asset Absolute Return ETF Company Profile
The Frontier Asset Absolute Return ETF (FARX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund seeks to achieve long-term total return through an actively managed fund-of-funds that utilizes an absolute return approach. The portfolio generally holds 6 to 20 underlying ETFs across multiple asset classes. FARX was launched on Dec 19, 2024 and is issued by Frontier.
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