The Free Markets ETF (NYSEARCA:FMKT) Sees Large Drop in Short Interest

The Free Markets ETF (NYSEARCA:FMKT) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 593 shares, a decline of 92.1% from the April 30th total of 7,544 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,332 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Stegent Equity Advisors Inc. purchased a new position in shares of Free Markets ETF in the fourth quarter worth about $1,127,000. Authentikos Wealth Advisory LLC increased its holdings in shares of Free Markets ETF by 92.2% in the fourth quarter. Authentikos Wealth Advisory LLC now owns 95,190 shares of the company’s stock worth $2,054,000 after buying an additional 45,656 shares during the period. Brookwood Investment Group LLC increased its holdings in shares of Free Markets ETF by 6.5% in the fourth quarter. Brookwood Investment Group LLC now owns 21,879 shares of the company’s stock worth $472,000 after buying an additional 1,337 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Free Markets ETF by 37.4% in the third quarter. NewEdge Advisors LLC now owns 113,000 shares of the company’s stock worth $2,645,000 after buying an additional 30,750 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Free Markets ETF in the second quarter worth about $663,000.

Free Markets ETF Stock Up 0.9%

Shares of FMKT traded up $0.20 during trading hours on Thursday, hitting $22.56. The company had a trading volume of 18,811 shares, compared to its average volume of 6,464. The firm has a market cap of $14.89 million, a P/E ratio of 27.82 and a beta of 2.55. The stock’s 50 day moving average price is $21.59 and its 200 day moving average price is $21.92. Free Markets ETF has a 52-week low of $19.55 and a 52-week high of $24.88.

Free Markets ETF Company Profile

Tidal ETF Trust – The Free Markets ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by SYKON Asset Management LLC, Point Bridge Capital, LLC and Tactical Rotation Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis to create its portfolio.