Freedom 100 Emerging Markets ETF (BATS:FRDM) Short Interest Update

Freedom 100 Emerging Markets ETF (BATS:FRDM) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 378,587 shares, an increase of 146.2% from the May 14th total of 153,767 shares. Based on an average trading volume of 369,142 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

Several institutional investors have recently made changes to their positions in the stock. First Pacific Financial purchased a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth $27,000. Strive Financial Group LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth about $28,000. Clarity Asset Management Inc. bought a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Freedom 100 Emerging Markets ETF by 207.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after acquiring an additional 483 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Freedom 100 Emerging Markets ETF by 231.3% in the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock worth $39,000 after acquiring an additional 502 shares during the period.

Freedom 100 Emerging Markets ETF Stock Up 0.5%

FRDM traded up $0.37 during midday trading on Friday, hitting $71.56. 310,977 shares of the company were exchanged, compared to its average volume of 477,620. The firm has a market capitalization of $2.11 billion, a P/E ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1-year low of $38.02 and a 1-year high of $74.86. The firm’s 50 day moving average price is $65.23 and its 200-day moving average price is $58.48.

Freedom 100 Emerging Markets ETF Company Profile

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.