Freedom 100 Emerging Markets ETF (BATS:FRDM) Stock Short Interest Declines 84.0%

Freedom 100 Emerging Markets ETF (BATS:FRDM – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 60,739 shares, a decline of 84.0% from the September 30th total of 378,980 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 318,165 shares, the short-interest ratio is presently 0.2 days.

Freedom 100 Emerging Markets ETF Trading Down 0.7%

Shares of BATS:FRDM opened at $63.19 on Tuesday. Freedom 100 Emerging Markets ETF has a 12-month low of $45.41 and a 12-month high of $76.90. The business has a 50-day moving average price of $68.96 and a 200 day moving average price of $64.60. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a dividend of $0.2934 per share. This is a negative change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.17 dividend on an annualized basis and a yield of 1.9%.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Several institutional investors have recently added to or reduced their stakes in FRDM. Oppenheimer & Co. Inc. acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at approximately $1,394,000. Center for Financial Planning Inc. grew its stake in shares of Freedom 100 Emerging Markets ETF by 105.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 5,347 shares of the company’s stock valued at $374,000 after buying an additional 2,747 shares during the period. Sigma Planning Corp purchased a new position in Freedom 100 Emerging Markets ETF in the third quarter valued at approximately $1,701,000. Trademark Financial Management LLC purchased a new position in Freedom 100 Emerging Markets ETF in the third quarter valued at about $7,341,000. Finally, L.K. Benson & Company P.C. lifted its position in shares of Freedom 100 Emerging Markets ETF by 32.7% during the third quarter. L.K. Benson & Company P.C. now owns 19,363 shares of the company’s stock worth $1,355,000 after purchasing an additional 4,774 shares in the last quarter.

About Freedom 100 Emerging Markets ETF

(Get Free Report)

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.

Further Reading

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