FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Sees Significant Growth in Short Interest

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,671 shares, an increase of 889.8% from the August 31st total of 775 shares. Based on an average trading volume of 4,677 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the shares of the stock are short sold.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Trading Down 0.3%

Shares of FEDM stock traded down $0.19 on Thursday, reaching $64.16. The company’s stock had a trading volume of 110 shares, compared to its average volume of 1,835. The stock’s fifty day simple moving average is $65.25 and its 200-day simple moving average is $62.65. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 1 year low of $53.54 and a 1 year high of $66.95. The company has a market capitalization of $81.48 million, a price-to-earnings ratio of 17.40 and a beta of 0.79.

About FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

(Get Free Report)

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a principles-based index of large-cap companies from the developed markets outside the US that exhibit environmental, social, and corporate governance (ESG) characteristics. FEDM was launched on Sep 20, 2021 and is managed by FlexShares.

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